Bitcoin Stall as Ethereum Leads $286M Weekly Crypto Investment Inflow

Bitcoin pauses and XRP stalls again, as Ethereum surprisingly leads crypto investment fund flows with a cumulative weekly inflow surpassing $300 million. James Butterfill, Head of Research at CoinShares, disclosed the cryptocurrency investment funds' weekly flow in a blog post on Monday. The report shows that these vehicles, which offer exposure to digital assets, recorded a net inflow of $286 million in the previous week. The positive flow extends the streak of crypto investment products to seven weeks, with their last outflow in mid-April. Remarkably, the funds have accrued a total of $10.9 billion during this impressive run, bringing the year-to-date total to $11.13 billion. Ethereum Dethroned Bitcoin Last Week Typically, investment vehicles that track the performance of Bitcoin, the largest cryptocurrency by market capitalization, lead the proceedings weekly. However, Ethereum’s resilience in the face of market uncertainties and recent positive sentiments saw it emerge as the top performer last week. Specifically, Ethereum investment funds raked in $321 million in the week between May 26 and June 2, continuing their strong investor traction. The inflows took their weekly streak to six weeks, the best run since December 2024. Meanwhile, Ethereum funds have now recorded an MTD inflow of $889.5 million and a YTD of $1.4 billion. Generally, vehicles tracking the altcoin king now have a cumulative $14.3 billion in assets under management (AUM). Furthermore, Bitcoin’s streak ended last week, as funds tracking the asset saw mild outflows. The products had been on a six-week streak, bringing in $9.6 billion during the run, before last week's $8 million net outflow. Butterfill highlighted the funds’ strong start to the week, before a macroeconomic headwind from the New York court's declaration that the United States’ tariffs were illegal. Nonetheless, the asset maintains a healthy MTD inflow of $5.5 billion and $10.2 billion YTD. For XRP, its outflow streak extended to two consecutive weeks. XRP-based funds recorded a net outflow of $28 million, further suggesting caution among investors towards the asset, which had been on an 80-week inflow streak until two weeks ago. Other major flows saw Sui and Solana investment products draw in 2.2 million and $1.5 million, while users pulled $3.6 million and $2.4 million from Short Bitcoin and multi-asset funds, respectively.

Remarkably, the net AUM across crypto investment funds reduced last week despite the $286 million inflow. For context, it dropped from its all-time high of $187 billion to $177 billion, as asset prices reduced within the week. Other Countries Step Up Meanwhile, according to regional flows, the United States, as is typical, led inflows, attracting $199 million. These numbers are meager compared to last week’s massive inflows, which were spurred by the performance of Bitcoin spot ETFs. Nonetheless, other countries showed serious momentum. For instance, Hong Kong's inflows improved from $3.3 million two weeks ago to $54.8 million the previous week, with Germany’s $42.9 million also surpassing the previous week's inflows. Australia recorded a net inflow of $21.5 million, while Switzerland, Sweden, and Brazil continued their poor run of form.