Crypto:
36635
Bitcoin:
$92.029
% 1.38
BTC Dominance:
%58.7
% 0.13
Market Cap:
$3.14 T
% 1.16
Fear & Greed:
28 / 100
Bitcoin:
$ 92.029
BTC Dominance:
% 58.7
Market Cap:
$3.14 T

Ethereum ETPs Break Records: Bitcoin, XRP Funds Outflow!

bitcoin ethereum

Crypto investment products experienced significant inflows last week. CoinShares reported a total net inflow of $286 million for the week ending May 30. 

With this latest increase, total inflows over the past seven consecutive weeks have reached $10.9 billion. However, market-wide volatility led to a decline in assets under management, dropping from $187 billion to $177 billion. James Butterfill, Head of Research at CoinShares, attributed this decline to uncertainties surrounding U.S. tariffs. In particular, the decision by the U.S. International Trade Court to declare former President Donald Trump’s tariffs unconstitutional caused market fluctuations. 

During this period, Bitcoin’s price fell sharply. Starting at $110,000, it dropped to a weekly low of $103,400. According to CoinGecko data, this marks a 6% decrease. Despite this, investment products continued to see strong inflows, indicating sustained investor interest in the market. 

Ethereum ETPs Lead Inflows, Bitcoin and XRP See Outflows 

Ethereum (ETH) ETPs led last week’s total inflows. These products received $321 million in investments, marking their strongest performance since December 2024. Ethereum is trading at 2,481.26 USDT.

In contrast, Bitcoin ETPs saw outflows of $8 million. Butterfill noted that this decline followed the New York court ruling declaring U.S. tariffs illegal. XRP investment products experienced the largest outflows of the week. An 80-week streak of inflows came to an end, with $28 million pulled from XRP products. Additionally, the drop in active XRP addresses and weakness in derivative markets led investors to adopt a more cautious stance. 

This marks the second consecutive week of losses for XRP, suggesting that investors are shifting their short-term positions. 

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