Quick Summary: Key Takeaways
- Ether ETPs led with $321M inflows, marking the best week since December 2024.
- Bitcoin ETPs saw $8M in outflows amid price volatility and legal uncertainty.
- XRP also declined with $28M in outflows for the second consecutive week.
- BlackRock’s iShares ETFs led issuers with $790M inflows, despite a dip in AUM.
- Institutional confidence in Ethereum is returning, reversing bearish sentiment.
Ethereum Surges Amidst Market Jitters
Ether ETP inflows hit $321 million last week, marking its best performance since December 2024, according to the latest report by CoinShares. After months of sluggish interest, Ethereum (ETH) has reversed its fortunes with a 36% price jump in the last 30 days, reflecting growing investor confidence.
This sharp rebound comes as a surprise to many who recently labeled ETH as just “another memecoin.” However, this sentiment is shifting as institutional investors pile back into Ether, thanks to positive network fundamentals and renewed interest in ETH futures.
Bitcoin and XRP See Weekly Setbacks
While Ethereum basked in gains, Bitcoin (BTC) ETPs recorded $8 million in outflows, ending a six-week streak of inflows. BTC prices dropped 6% during the week, hitting a low of $103,400. This followed growing market anxiety after a U.S. court ruling declared certain tariffs illegal, triggering volatility across crypto markets.
XRP wasn’t spared either, facing $28 million in outflows—the second straight week of losses for Ripple-related products.
iShares ETFs Lead Inflows Despite AUM Dip
Despite market turbulence, BlackRock’s iShares ETFs maintained dominance with $790 million in inflows, bringing year-to-date inflows to $12.4 billion.
However, this came with a catch—iShares’ AUM dropped from $74.8B to $72.9B, showing that even the most trusted names aren’t immune to Bitcoin’s price swings.
Meanwhile, ARK Invest and 21Shares posted a combined $282 million in outflows, pushing their YTD losses to $22 million.
Institutional Confidence in Ethereum Grows
The narrative around Ether ETP inflows is quickly evolving. With regulatory clarity slowly improving and Ethereum’s technology roadmap gaining traction, institutions are re-evaluating its long-term viability.
Even skeptics are now taking note, with analysts pointing out that “Ether has emerged from the shadow of bearishness into a phase of renewed optimism.”
Furthermore, June is historically known for mixed performance in crypto markets, and this year continues that trend. Investors appear to be taking profits post-Bitcoin’s $110K peak while rotating capital into promising altcoins like ETH.
Final Thoughts
The crypto ETP landscape is shifting. While Bitcoin’s dominance is challenged by volatility, Ether’s $321M inflows signal a bold return of faith from institutions. This could mark the beginning of a new cycle where Ethereum leads, especially if the momentum holds through the rest of June.
As always, investors should keep a close eye on broader macro trends, including legal rulings and ETF performance, to gauge the next major move in digital assets