Summary
You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.
In today’s newsletter, Joshua de Vos, from CoinDesk Research, analyzes May’s crypto outflows to explain what current market signals mean.
Then, in “Ask an Expert,” Bryan Courchesne from DAiM addresses how investors can navigate the current market environment.
Crypto ETFs: May Breakdown and What’s Next
May ended two consecutive months of net inflows, with global crypto ETP flows swinging back to heavy redemptions. as reported by TrackInsight data, global digital-asset investment products recorded $2.39 billion in net outflows, against $1.79 billion of net inflows in April, as total assets under management fell to $141.1 billion from $158.7 billion a month earlier. U.S.-listed vehicles accounted for almost the entire redemption, while flows outside the U.S., which had already cooled in April, turned modestly negative.
