Crypto funds post $286M inflows as Ether tops buying: CoinShares
Ether led last week’s $286 million of net inflows to crypto ETPs, while Bitcoin investment products saw outflows of $8 million, CoinShares reported.
Crypto funds post $286M inflows as Ether tops buying: CoinShares
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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
$104,715
tumbled about 6% from $110,000 last Monday to an intraweek low of $103,400 by May 30, according to data from CoinGecko.
