CoinShares Reports $224M in Weekly Digital Asset Inflows as Ethereum Leads With $296.4M and Bitcoin Sees Continued Outflows with $56.5M

CoinShares shared its latest report on June 9, showing digital asset investment products saw $224 million in inflows last week. This brought the seven-week total to $11 billion, reflecting sustained positive flows across markets. However, the growth pace slowed as investors awaited Federal Reserve guidance on inflation and policy direction. Caution was seen crypto exchange-traded products market despite a continuous streak of weekly inflows. Activity remained muted compared to earlier periods, signalling a cautious stance among asset managers. 

Ethereum ETP Inflows Hit $296.4 Million, Highest Weekly Gain Since U.S. Election

Ethereum ETP inflows reached $296.4 million this week, marking the largest since the U.S. election. This lifted Ethereum’s share of total assets under management to 10.5%. These inflows have continued for seven straight weeks, accumulating to $1.5 billion. Institutional focus on Ethereum appears to be increasing, despite mixed sentiment elsewhere. Investors seem drawn to Ethereum ETP inflows based on its smart contract ecosystem potential. Trading volumes reflect growing interest, though some caution remains over regulatory developments. Data showed inflow consistency despite broader market volatility and regulatory uncertainties.

Bitcoin ETP outflows totaled $56.5 million, marking the second week of negative movements. Short-Bitcoin products also saw $11.02 million in year-to-date outflows, indicating caution. Altcoins showed varied results, with Sui gaining $1.1 million and XRP losing $6.6 million. Solana recorded a weekly decline of $2.09 million, while XRP fell by $3.96 million. Bitcoin ETP outflows reflect shifting allocations across various digital asset sectors. Broader market dynamics and caution over macro factors influenced investor behaviour. These shifts highlight changing investor preferences across major and minor digital assets.

United States Leads Weekly Crypto ETP Inflows With $174.9 Million 

Globally, the United States led crypto exchange-traded products inflows with $174.9 million. It also maintained the highest year-to-date inflows at $11,005.8 million and $133.9 billion AUM. Germany followed with $47.8 million weekly and $868.7 million year-to-date inflows. Canada posted $9.8 million for the week and $144.8 million year-to-date inflows. Hong Kong recorded a weekly outflow of –$14.6 million, while Sweden saw –$7.7 million weekly flows. Switzerland added $2.1 million in weekly flows but remained down –$269.6 million year-to-date. Regional performance differences reveal diverse adoption and sentiment across jurisdictions.

Ethereum Strengthens Position With High Inflows and $14.1B AUM

In an asset-based overview, Ethereum saw $296.4 million in weekly inflows, pushing its YTD to $1,701 million. Its assets under management reached $14.1 billion, reflecting strong institutional interest. Bitcoin held the largest AUM at $151.2 billion but saw $56.5 million in outflows. Chainlink attracted a modest $0.94 million in weekly inflows this period. Multi-asset products recorded a small outflow of $2.5 million for the week. The ‘Other’ category added $1.17 million but remains down –$678.54 million YTD.

iShares Ethereum Trust Leads Weekly Inflows Among Crypto ETPs

Among crypto exchange-traded products institutions, the iShares Ethereum Trust ETF led inflows with $249.2 million. The iShares Bitcoin Trust and ProShares Bitcoin ETF followed with $81 million and $40 million. CoinShares Physical Bitcoin received $29.2 million, while Grayscale Ethereum Mini Trust added $25.2 million. Conversely, the Fidelity Wise Origin Bitcoin ETF suffered –$167.7 million in outflows. Other notable outflows included ProShares Ultra Bitcoin ETF at –$49.5 million and Grayscale Bitcoin Trust at –$40.6 million. Future trends will depend on market conditions and investor risk appetite.