Ethereum outperforms with $321 million inflow as Bitcoin, XRP sees combined outflow of over $36 million
The post Ethereum outperforms with $321 million inflow as Bitcoin, XRP sees combined outflow of over $36 million appeared on BitcoinEthereumNews.com.
The crypto market recorded $286 million in inflows, extending a seven-week streak that has added $10.9 billion to crypto investment products, according to CoinShares‘ weekly report. However, the overall value of assets under management slipped from $187 billion to $177 billion, reflecting recent market declines. CoinShares’ Head of Research, James Butterfill, pointed to growing economic uncertainty in the US as a key driver behind the dip. Last week, a federal court decided to temporarily revive Trump-era reciprocal tariffs, triggering volatility and prompting investors to adjust their positions. Despite the turbulence, US-based products still attracted the most capital, with $199 million in inflows. Germany and Australia followed with $42.9 million and $21.5 million, respectively. Crypto Investments Flows by Country (Source: CoinShares) Hong Kong also saw a surge in activity, posting $54.8 million in new inflows, its highest since local crypto ETFs launched. In contrast, Switzerland faced $32.8 million in outflows, joining Sweden and Brazil in registering weekly losses of $4 million and $3.2 million, respectively. Bitcoin sees first outflow in weeks Ethereum-based investment products took the spotlight last week, attracting the highest inflows across the digital asset market. According to the CoinShares report, Ethereum funds brought in $321 million, outpacing Bitcoin and signaling a possible shift in investor sentiment. This marked Ethereum’s sixth straight week of inflows, now totaling $1.19 billion, its strongest run since late 2024. On the other hand, Bitcoin funds, which had previously enjoyed six weeks of steady inflows, faced a reversal. The bellwether digital asset saw $8 million in outflows last week. The shift was most visible in BlackRock’s iShares Bitcoin Trust (IBIT), which lost $430.8 million. This was the fund’s first outflow since early April and its largest on record. Crypto Investment Flows (Source: CoinShares) CoinShares noted that the trend reversal came mid-week, following the court’s tariff ruling.…
Filed under: News - @ June 2, 2025 12:24 pm