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. According to 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,…