Cryptocurrency investment products have continued their streak of inflows, registering $286 million last week despite a decline in Bitcoin's value. According to CoinShares, the inflows mark a cumulative total of $10.9 billion over seven weeks, while total assets under management (AUM) decreased from an all-time high of $187 billion to $177 billion due to ongoing market fluctuations.
The latest data shows Bitcoin falling approximately 6%, reaching a low of $103,400 by May 30, as reported by CoinGecko. Significant interest was noted in Ether ETPs, which saw inflows of $321 million, the highest since late December 2024. This uptick in Ether investment suggests a positive shift in sentiment among investors. Conversely, Bitcoin ETPs faced $8 million in outflows, correlated to recent market events, particularly a favorable court ruling regarding U.S. tariffs.
XRP observed the largest outflows, totaling $28 million, marking the second consecutive week of withdrawals for the asset. CoinShares' head of research, James Butterfill, emphasized the market's volatile conditions, which may have influenced these trends. Overall, the continued inflows into cryptocurrency products reflect a cautious optimism among investors amid uncertainties.
The latest data shows Bitcoin falling approximately 6%, reaching a low of $103,400 by May 30, as reported by CoinGecko. Significant interest was noted in Ether ETPs, which saw inflows of $321 million, the highest since late December 2024. This uptick in Ether investment suggests a positive shift in sentiment among investors. Conversely, Bitcoin ETPs faced $8 million in outflows, correlated to recent market events, particularly a favorable court ruling regarding U.S. tariffs.
XRP observed the largest outflows, totaling $28 million, marking the second consecutive week of withdrawals for the asset. CoinShares' head of research, James Butterfill, emphasized the market's volatile conditions, which may have influenced these trends. Overall, the continued inflows into cryptocurrency products reflect a cautious optimism among investors amid uncertainties.
