Ethereum Investment Products Drive $286 Million Inflows as Bitcoin Sees Outflows
- Ether led with $321M inflows best since December 2024.
- Bitcoin ETPs saw $8M in outflows amid price decline.
- iShares topped issuers with $790M inflows, despite AUM drop.
Cryptocurrency exchange-traded products (ETPs) recorded $286 million in inflows last week, marking the seventh consecutive week of gains, according to CoinShares’ June 2 report. The surge was led by Ether (ETH), which saw its strongest investment inflow since December 2024.
ETH ETPs Outshine Bitcoin in a Volatile Week
Ether ETPs recorded $321 million in net inflows, reflecting a strong sentiment turnaround following months of bearish trends. Despite recent skepticism over Ether’s performance, the asset has rebounded, adding 36% to its value in the past 30 days.
Bitcoin (BTC) ETPs had an outflow of $8 million, thus reversing the momentum, showing a contrary movement after a good six weeks of uninterrupted inflows. The price ran into volatility as it dropped 6 percent to an intraweek low of $103,400, following a growing fear among market participants after a court ruling in the U.S. found tariffs illegal..
XRP was another notable loser, with $28 million in outflows the second week in a row it posted net losses in investment products.
iShares ETFs Maintain Lead Amid BTC Pullback
BlackRock’s iShares ETFs emerged as the top issuer for the week, with inflows of $790 million, raising year-to-date (YTD) inflows to $12.4 billion. However, despite the strong inflows, iShares’ assets under management (AUM) dipped from $74.8 billion to $72.9 billion, indicating that even popular funds weren’t immune to Bitcoin’s market weakness.
Meanwhile, ARK Invest and 21Shares recorded the week’s largest issuer-specific outflows at $282 million, dragging their YTD total to $22 million in net losses.
The report highlighted that June often brings mixed results for crypto assets, and this year is no exception. Many investors appear to be taking profits after Bitcoin surpassed $110,000 in late May. Ether, on the other hand, benefited from positive network fundamentals and renewed interest in ETH futures markets.
Before this bearish attack, some traders dropped ETH support, considering the asset “a memecoin.” However, recent inflows indicate that such sentiment is reversing, and there is increasing institutional confidence in the long-term prospects of Ethereum..
Highlighted Crypto News Today:
Legendary DeFi Long-Timer Roc Zacharias Unveils His Proven Secret to Getting Ahead in Web3
Read More
Ethereum Investment Products Drive $286 Million Inflows as Bitcoin Sees Outflows
- Ether led with $321M inflows best since December 2024.
- Bitcoin ETPs saw $8M in outflows amid price decline.
- iShares topped issuers with $790M inflows, despite AUM drop.
Cryptocurrency exchange-traded products (ETPs) recorded $286 million in inflows last week, marking the seventh consecutive week of gains, according to CoinShares’ June 2 report. The surge was led by Ether (ETH), which saw its strongest investment inflow since December 2024.
ETH ETPs Outshine Bitcoin in a Volatile Week
Ether ETPs recorded $321 million in net inflows, reflecting a strong sentiment turnaround following months of bearish trends. Despite recent skepticism over Ether’s performance, the asset has rebounded, adding 36% to its value in the past 30 days.
Bitcoin (BTC) ETPs had an outflow of $8 million, thus reversing the momentum, showing a contrary movement after a good six weeks of uninterrupted inflows. The price ran into volatility as it dropped 6 percent to an intraweek low of $103,400, following a growing fear among market participants after a court ruling in the U.S. found tariffs illegal..
XRP was another notable loser, with $28 million in outflows the second week in a row it posted net losses in investment products.
iShares ETFs Maintain Lead Amid BTC Pullback
BlackRock’s iShares ETFs emerged as the top issuer for the week, with inflows of $790 million, raising year-to-date (YTD) inflows to $12.4 billion. However, despite the strong inflows, iShares’ assets under management (AUM) dipped from $74.8 billion to $72.9 billion, indicating that even popular funds weren’t immune to Bitcoin’s market weakness.
Meanwhile, ARK Invest and 21Shares recorded the week’s largest issuer-specific outflows at $282 million, dragging their YTD total to $22 million in net losses.
The report highlighted that June often brings mixed results for crypto assets, and this year is no exception. Many investors appear to be taking profits after Bitcoin surpassed $110,000 in late May. Ether, on the other hand, benefited from positive network fundamentals and renewed interest in ETH futures markets.
Before this bearish attack, some traders dropped ETH support, considering the asset “a memecoin.” However, recent inflows indicate that such sentiment is reversing, and there is increasing institutional confidence in the long-term prospects of Ethereum..
Highlighted Crypto News Today:
Legendary DeFi Long-Timer Roc Zacharias Unveils His Proven Secret to Getting Ahead in Web3
Read More