CoinShares, the digital assets manager, has reported that institutional investors invested a total of $2 billion into cryptocurrency products in May. According to their latest report on digital asset fund flows, CoinShares revealed that there was an inflow of $185 million into digital asset investment products last week alone. This marks the fourth consecutive week of inflows and brings the year-to-date inflows to over $15 billion, a record-breaking figure. Despite this, trading volumes for the week decreased to $8 billion, down from $13 billion the previous week.

In terms of geographical distribution, the US attracted $130 million in inflows, while Switzerland and Canada received $36 million and $25 million respectively. This is a significant turnaround for Canada, as it experienced outflows overall last month. Investor sentiment towards Bitcoin remains positive, as it received $148 million in inflows last week. However, short-BTC products saw outflows of $3.5 million.

In addition to Bitcoin, Ethereum also experienced a boost in investor sentiment, with $33.5 million in inflows last week. This is a significant turnaround for Ethereum, as it had been experiencing outflows for 10 consecutive weeks, totaling $200 million. The positive news surrounding Ethereum also had a positive impact on Solana, which received an additional $5.8 million in inflows last week.

Other cryptocurrencies that saw inflows include Chainlink, XRP, Litecoin, and Cardano, which received $1 million, $0.8 million, $0.6 million, and $0.3 million respectively.

It is important to note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where this article was originally published, does not recommend buying or selling any cryptocurrencies or digital assets and is not an investment advisor.