FameEX Hot Topics | CoinShares: Crypto Funds Attract $286M Inflows, Led by Ethereum

Global crypto exchange-traded products (ETPs) recorded $286 million in net inflows for the week ending May 30, with Ethereum investment products leading the charge, according to CoinShares. While Ethereum ETPs brought in $321 million—their strongest weekly performance since December 2024—Bitcoin products experienced a minor setback, seeing $8 million in outflows. This occurred amid heightened market pressure from Bitcoin’s price drop, which dipped from $110,000 early in the week to an intraweek low of $103,400 by May 30.

Despite the weekly inflows, total assets under management (AUM) for crypto investment products declined due to market volatility, falling from a record high of $187 billion to $177 billion by the weekend. CoinShares’ head of research James Butterfill cited growing uncertainty over U.S. tariff rulings as a key source of the turbulence. Nevertheless, the $286 million inflow extended the streak of weekly net gains to seven consecutive weeks, bringing total inflows over that period to $10.9 billion.

Among asset managers, BlackRock’s iShares ETFs attracted the most inflows, recording $790 million for the week. However, iShares’ overall AUM decreased from $74.8 billion to $72.9 billion, reflecting losses tied to its Bitcoin ETFs. Year-to-date, iShares has still amassed $12.4 billion in inflows, making it a clear market leader despite short-term setbacks. Meanwhile, ARK Invest and 21Shares faced significant investor withdrawals, seeing combined outflows of $282 million. This dragged their year-to-date figures into negative territory with $22 million in total outflows.

The outflows from Bitcoin products marked a notable reversal following six consecutive weeks of strong inflows. Butterfill attributed this shift to a combination of factors, including investor reaction to a New York court ruling that declared certain U.S. tariffs illegal. The decision may have introduced additional uncertainty for investors in Bitcoin-related assets, already under pressure from the broader market correction.

Ethereum’s resurgence has been driven by improving network fundamentals and a robust futures market. The rebound comes after a prolonged bearish phase, during which some trading firms distanced themselves from ETH, likening it to meme tokens. Still, recent optimism from ETH supporters suggests that May may have marked the bottom, fueling speculation of a trend reversal.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.