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

Cryptocurrency investment products maintained their multi-week inflow streak last week, even as Bitcoin slid to $103,000, according to CoinShares’ report on June 2.

Global crypto exchange-traded products (ETPs) recorded $286 million in inflows for the week ending May 30, extending their seven-week inflow streak to $10.9 billion. Despite steady inflows, total assets under management (AUM) dropped from a record $187 billion to $177 billion due to market volatility tied to US tariff uncertainty, noted James Butterfill, head of research at CoinShares.

Ether ETPs Lead Weekly Inflows

Ether (ETH) ETPs topped inflows with $321 million — the strongest run since December 2024 — reflecting renewed investor confidence. In contrast, Bitcoin (BTC) ETPs saw $8 million in outflows following a US court decision invalidating certain tariffs.

XRP investment products recorded the largest outflows at $28 million, marking their second consecutive week of losses.

iShares ETFs Dominate Despite BTC ETF Outflows

BlackRock’s iShares ETFs attracted $790 million in inflows last week, lifting year-to-date (YTD) inflows to $12.4 billion. However, iShares’ AUM declined from $74.8 billion to $72.9 billion, reflecting a downturn in Bitcoin ETF holdings.

ARK Invest and 21Shares faced the steepest losses among issuers, seeing $282 million in outflows and pushing their YTD figures to $22 million in outflows.

Bitcoin Faces Seasonal Weakness and Profit-Taking

Bitcoin’s ETP outflows followed six weeks of consistent inflows, with the recent dip attributed to profit-taking and historical market softness in June. While BTC dropped about 6% from $110,000 to $103,400 last week, long-term investors reportedly capitalized on the price correction.

Ether’s Resurgence Signals Market Shift

Ether ETP inflows rose as network fundamentals improved and ETH futures markets remained resilient. After a prolonged bearish stretch that saw some firms drop ETH support in early May, the recent price uptick has been seen by some as a sign of market recovery.

At the time of writing, Ether traded at $2,486, down from $2,771 on May 28, but up 36% over the past 30 days.
 
Source: Cointelegraph

Voice of Osiz

Crypto inflows hit $286M last week, defying Bitcoin’s slip to $103K and proving long-term confidence. Ether’s $321M surge marks a bold sentiment shift, reclaiming investor attention. Bitcoin outflows reflect routine profit-taking, not panic. Diverging ETP flows reveal a smarter, selective investor mindset. We see this as the start of crypto’s next strategic capital cycle.