Crypto funds post $286M inflows as Ether tops buying: CoinShares

Cryptocurrency investment products maintained their multi-week inflow streak last week despite significant selling pressure stemming from Bitcoin’s drop to $103,000.

Globalcrypto exchange-traded products(ETPs) recorded $286 million of inflows in the week ending May 30, bringing a seven-week run of inflows to $10.9 billion, CoinShares reported on June 2.

Despite the inflows, total assets under management (AUM) declined from the all-time high of $187 billion to $177 billion by the weekend amid market volatility triggered by uncertainty over US tariffs, said CoinShares’ head of research, James Butterfill.

The new inflows came as BitcoinBTC$104,392BitcoinChange (24h)0.38%Market Cap$2.07TVolume (24h)$24.5BView Moretumbled about 6% from $110,000 last Monday to an intraweek low of $103,400 by May 30,accordingto data from CoinGecko.

Ether ETPs lead inflows

EtherETH$2,482EthereumChange (24h)0.54%Market Cap$299.02BVolume (24h)$12.68BView MoreETPs led last week’s crypto ETP buying with inflows totaling $321 million, marking the strongest run since late December 2024 and reflecting a significant sentiment improvement.

Bitcoin ETPs saw $8 million in outflows after a major flow reversal following a New York Courtdecision to declare US tariffs illegal, Butterfill said.

XRPXRP$2.14XRPChange (24h)0.19%Market Cap$123.7BVolume (24h)$1.63BView Moreinvestment products posted the biggest outflows last week, totaling $28 million. The outflows marked a second week running of losses for XRP, Butterfill noted.

iShares ETFs top inflows despite BTC ETF outflows

BlackRock’s iShares exchange-traded funds (ETFs) led inflows among issuers last week despite seeingmassive outflows from Bitcoin ETFsat the end of the week.

According to CoinShares, iShares ETFs saw $790 million of inflows, with YTD inflows surging to $12.4 billion. At the same time, iShares’ AUM slipped from $74.8 billion in the previous week to $72.9 billion last week, reflecting a downward trend in Bitcoin ETFs.

ARK Invest and 21Shares’ crypto investment products saw the biggest losses among issuers last week, totaling $282 million and bringing YTD flows to $22 million of outflows.

Profit taking and seasonal weakness for BTC

The flow reversal in Bitcoin ETPs came after six weeks of healthy inflows in BTC products, with the new losses being attributed to many factors supporting the overall decline of crypto markets last week.

According to Cointelegraph Markets, crypto prices have historically seenmixed performances in the month of June, suggesting potential seasonal weakness.

Previous reports also suggested that some investors have been taking advantage of Bitcoin surging past $110,000, withlong-term investors quietly capitalizingon the recent price drops.

Related:Ethereum’s own Saylor’ SharpLink Gaming plans $1B ETH purchase

Ether ETPs have been on the rise amidimproving network fundamentalsand resilient ETH futures markets.

Ether’s renewed growth followed a long bearish period, whichforced some trading firms to drop ETH supportin early May and view it “like a memecoin.” On the other hand, some ETH supporters speculated that Ether’s decline in May marked the asset’s bottom, which hinted at a potential reversal of the negative trend.

Accordingto CoinGecko, Ether was trading at $2,486 by publishing time, down from $2,771 on May 28. The cryptocurrency has added 36% to its value in the past 30 days.

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