Ethereum ETPs were the standout performers, recording $1.59 billion in inflows — the second-largest weekly influx in their history. This performance stands out as one of the most notable crypto investments of the year so far. 

Meanwhile, Bitcoin ETPs closed the week with $175 million in outflows after 12 consecutive days of inflows. CoinShares Head of Research James Butterfill attributed this divergence to rising expectations around altcoin ETFs. 

Following Ethereum, Solana and XRP were the week’s other top gainers, attracting $311.5 million and $189.6 million, respectively. However, some alternative digital assets like Litecoin and Bitcoin Cash saw modest outflows. 

Bitcoin Funds Weaken While iShares Maintains the Lead 

Despite a 57% drop compared to the previous week’s record $4.4 billion inflow, overall market appetite remained strong. iShares crypto ETPs by BlackRock led the week with $1.56 billion in inflows. 

Fidelity funds saw $123 million in outflows, while ARK Invest recorded $90 million in outflows. Europe-based 21Shares followed iShares closely with $80 million in inflows, and Grayscale drew $78 million. 

Despite $356 million in inflows year-to-date, Grayscale remains in the red with $1.3 billion in net outflows. In contrast, BlackRock captured $25.8 billion in inflows so far in 2025 — representing 87.5% of the year’s total crypto fund inflows. 

These trends not only reflect the current state of the crypto market but also mirror investors’ anticipation of ETF approvals. According to Butterfill, these increases are not indicators of an altcoin season but rather a pricing-in of potential ETF launches.

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JPMorgan is preparing to offer loans backed by crypto ETFs, starting with BlackRock’s Bitcoin ETF, IBIT. According to a Bloomberg report, JPMorgan will roll out this financing service based on crypto ETFs in the coming weeks. This move comes after the Trump administration eased regulatory barriers on crypto assets. 

JPMorgan will now consider the crypto assets of its wealthy clients when calculating borrowable assets. As a result, clients will be able to include Bitcoin and other digital assets in their borrowing accounts, just like stocks, real estate, and precious metals. Recently, the Moscow Exchange also launched futures products based on BlackRock’s Bitcoin ETF, but limited them to accredited investors only. 

IBIT Attracts Institutional Investors 

BlackRock’s IBIT ETF has seen strong institutional demand since its launch. SoSoValue data shows the fund has reached $70.16 billion in net assets. IBIT received uninterrupted inflows for 31 consecutive days, a streak that ended on May 30. Bloomberg analyst Eric Balchunas predicts that the IBIT ETF will soon surpass Satoshi Nakamoto’s holdings of 1.12 million BTC. According to his list shared on platform X, akredite now ranks among the top 25 largest ETFs, despite being nine times younger than the other funds on the list — currently placing 23rd. 

Here's a table of the Top 25 biggest ETFs and their age. At 1.4 yrs old $IBIT is youngest on list by NINE times. It's like an infant hanging out with teenagers and twenty-somethings. Quite poss the most insane IBIT stat yet (and there are many) via @SirYappityyapp pic.twitter.com/w63XSkD7f6

— Eric Balchunas (@EricBalchunas) June 3, 2025

JPMorgan is launching this new credit service despite previous criticism from its CEO Jamie Dimon, who recently stated that the U.S. should stockpile bullets and rare elements instead of Bitcoin. JP Morgan has become the latest high-profile financial giant to offer its clients access to cryptocurrencies. Companies like Fidelity and Standard Chartered have also launched digital asset trading services this year for both institutional and retail clients.

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