Cryptocurrency investment products maintained their multi-week inflow streak last week despite significant selling pressure stemming from Bitcoin’s dr
Cryptocurrency investment products maintained their multi-week inflow streak last week despite significant selling pressure stemming from Bitcoin’s drop to $103,000.
Global crypto 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, CoinShares head of research James Butterfill noted.
The new inflows came as Bitcoin (BTC) tumbled roughly 6% from $110,000 last Monday to an intraweek low of $103,400 by May 30, according to data from CoinGecko.
Ether ETPs lead inflows
Ether (ETH) ETPs 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.
On the other hand, Bitcoin ETPs saw $8 million in outflows after seeing a major flow reversal following the New York Court decision to declare US tariffs as illegal, Butterfill said.
XRP (XRP) investment products posted the biggest outflows last week, totaling $28 million. The outflows marked the second week of losses for XRP, Butterfill noted.
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cointelegraph.com