The post Ethereum’s Pectra Upgrade Drives Crypto Inflows To $785 Million appeared on BitcoinEthereumNews.com.

Crypto inflows hit $785 million last week, pushing year-to-date (YTD) totals to $7.5 billion. This marks a full recovery from the outflows seen between February and March. Ethereum stood out amid the positive flows into digital asset investment products. The Pectra upgrade and the network’s leadership changes drove the changing sentiment. Pectra Upgrade Influenced Last Week’s Crypto Inflows The latest CoinShares report indicates crypto inflows totaling $785 million recorded for the week ending May 17. While it represents a slight drop from the previous week’s $882 million, it marks the fifth week of consecutive positive flows. These positive crypto inflows come as markets continue to shrug off Trump tariffs. Accordingly, the US topped the positive flows. It beat Germany and Hong Kong with $681 million inflows against $86.3 million and $24.2 million, respectively. More closely, Bitcoin (BTC) recorded a slight drop relative to last week. CoinShares’ researcher, James Butterfill, ascribes the retraction to US economic indicators. “Bitcoin attracted $557 million in inflows, a decrease from the prior week, likely due to continued hawkish signals from the US Federal Reserve. Short-bitcoin products saw a fourth consecutive week of inflows, totaling $5.8 million, reflecting investor positioning amid recent price gains,” read an excerpt in the report. Nevertheless, Ethereum saw the highlight of last week’s crypto inflows. According to the CoinShares report, crypto inflows into Ethereum reached $205 million. This was a notable climb from the previous report’s $1.5 million. Crypto inflows last week. Source: CoinShares report Butterfill attributes the optimism to Ethereum’s Pectra Upgrade and the subsequent ascension of Tomasz Stańczak as the new co-executive Director. “Ethereum was the standout performer, with US$205m in inflows last week and $575 million YTD, indicating renewed investor optimism following the successful Pectra upgrade and the appointment of new co-executive director Tomasz Stańczak,” Butterfill wrote. As…

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Filed under: News - @ May 19, 2025 12:27 pm