Digital asset investment products attracted $286 million in net inflows during the week ending May 30, marking seven consecutive weeks of positive momentum totaling $10.9 billion. The figures from CoinShares reveal Ethereum-based products dominated investor interest with $321 million inflows — the strongest showing since December 2024 — while Bitcoin funds experienced $8 million outflows.
Despite fresh capital entering the market, total assets under management dropped to $177 billion from a record $187 billion. James Butterfill, CoinShares' research head, attributed the decline to macroeconomic uncertainty surrounding US tariff policies and Bitcoin's 6% price slide from $110,000 to $103,400 during the measurement period.
BlackRock's iShares ETFs paradoxically led issuer inflows with $790 million despite Bitcoin ETF redemptions, pushing year-to-date totals to $12.4 billion. Conversely, ARK Invest and 21Shares products bled $282 million, flipping their annual flow balance negative. XRP investment vehicles continued struggling with $28 million in outflows for the second straight week.
Analysts note June historically brings mixed performance for crypto markets, with some long-term Bitcoin holders reportedly locking in gains after the asset's surge past $110,000. Ether's 36% monthly gain to $2,486 appears to confirm bullish technicals, though the cryptocurrency remains below its May 28 peak of $2,771. Network upgrades and futures market resilience continue supporting ETH's recovery from earlier bearish sentiment that saw some traders dismiss it as "memecoin-like."
The flow patterns suggest evolving institutional preferences, with Ether products capturing 【85%】 of total weekly inflows. This comes as SharpLink Gaming announces plans for a $1 billion ETH treasury purchase, drawing comparisons to MicroStrategy's Bitcoin accumulation strategy. Market observers will watch whether ETH's momentum sustains through traditional summer doldrums.