Ethereum

United

James

<p>Crypto investment products recorded inflows of $2 billion last week, amid expectations of lower interest rates: CoinShares. Asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares reported net inflows totaling $2 billion during the first week of June, marking the fifth consecutive week of positive inflows. CoinShares’ latest report highlights this exceptional performance.</p>
<h2 id="h-an-impressive-performance">An impressive performance</h2>
<p>Last week’s net inflows into crypto funds equaled those of <a href="https://www.cointribune.com/en/crypto-may-sees-2-billion-inflow-into-funds/" target="_blank" rel="noopener noreferrer nofollow">the entire month of May,</a> bringing the five-week series to a total of $4.3 billion.</p>
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<p>Assets under management surpassed the billion-dollar mark for the first time since March. Trading volume also increased, generating $12.8 billion, which is 55% more than the previous week.&nbsp;</p>
<p><a href="https://blog.coinshares.com/volume-186-digital-asset-fund-flows-weekly-report-dc1d43e0e207" target="_blank" rel="noopener noreferrer nofollow">James Butterfill</a>, head of research at CoinShares, highlighted that unusual inflows were observed across nearly every provider, while outflows at historical operators slowed.</p>
<p>This shift in sentiment appears to be a direct response to weaker-than-expected macroeconomic data in the United States, reinforcing expectations of monetary policy rate cuts.</p>
<p>The U.S. market accounted for $1.98 billion of last week’s net inflows, as part of a series of records for spot Bitcoin, which now spans 19 trading days and over $4 billion.&nbsp;</p>
<p>BlackRock’s spot Bitcoin ETF reported nearly $1 billion in inflows just last week, surpassing 300,000 BTC in assets under management. This fund now has <a href="https://www.cointribune.com/en/bitcoin-hits-71000-blackrocks-holdings-exceed-20-billion/" target="_blank" rel="noopener noreferrer nofollow">over $21 billion in assets,</a> exceeding the assets under management of Grayscale’s GBTC-converted fund from the previous week.</p>
<h2 id="h-the-continued-dominance-of-bitcoin-and-the-rise-of-eth-crypto">The continued dominance of Bitcoin and the rise of ETH crypto</h2>
<p>The U.S. spot Bitcoin ETF generated $1.8 billion in net inflows last week, with Bitcoin investment products adding $1.97 billion globally.&nbsp;</p>
<p>To put this in perspective, the funds absorbed more than two months’ worth of new bitcoin mining resources, maintaining an average of 450 BTC per day in a single week.</p>
<p><a href="https://x.com/NateGeraci/status/1799238479219466630" target="_blank" rel="noopener noreferrer nofollow">Nate Geraci,</a> president of the ETF Store, commented on this situation, highlighting how remarkable this performance is for a product many believed to be unpopular. Today, the ETF category represents $60 billion in just five months.</p>
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<p>In response to questions about the stability of bitcoin prices despite significant net inflows, Eric Balchunas, ETF analyst at Bloomberg, explained on X that the action is mainly coming from bitcoin holders selling rather than ETFs buying massively. This creates a dynamic where bitcoin holders take advantage of price rises to sell, while ETFs continue to absorb the available volumes.</p>
<p>Meanwhile, investment products based on Ethereum had their best week of net inflows since March, adding $69 million. This performance is likely a reaction to the SEC’s surprise decision to allow spot Ethereum ETFs in the United States.</p>

Crypto: $2 billion in inflows in one week

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