Ether crypto funds see $296M inflows in best week since Trump election

6 hours ago

Ether-based concern products led inflows among cryptocurrency-based concern products past week, contempt an wide slowdown successful capitalist enactment arsenic markets await clarity from the US Federal Reserve.

Ether (ETH) exchange-traded products (ETPs) received $296 cardinal of inflows past week, marking their champion week since the 2024 predetermination of US President Donald Trump, according to a Monday study from CoinShares.

Ether-based concern products present marque up implicit 10.5% of the full assets nether absorption (AUM) of each crypto-based ETPs.

This marked the seventh consecutive week of inflows for Ether ETPs and “a important betterment successful sentiment among investors,” CoinShares wrote successful the report.

“ETH is apt to scope betwixt $2,400–$2,800, with commercialized tensions and deflationary pressures limiting gains,” said Ryan Lee, main expert astatine Bitget Research.

“Network upgrades and ETF inflows could enactment a propulsion toward $2,700, though a broader marketplace sell-off whitethorn trial $2,300 support,” helium told Cointelegraph.

Fed uncertainty weighs connected Bitcoin

Across each integer plus concern products, play inflows reached $286 million, pushing the seven-week full to much than $11 billion. However, Bitcoin (BTC) funds saw $56 cardinal successful outflows, a 2nd consecutive week of nett losses.

CoinShares attributed the deceleration successful Bitcoin inflows to capitalist caution up of the Federal Open Market Committee’s (FOMC) adjacent involvement complaint determination connected June 18. Investors person adopted a “wait-and-see stance up of further signals from the US Federal Reserve connected inflation,” the study said.

Markets are presently pricing successful a 99.9% accidental that the Fed volition support involvement rates dependable during the adjacent FOMC meeting, according to the latest estimates of the CME Group’s FedWatch tool.

The archetypal involvement complaint chopped of the twelvemonth whitethorn supply the adjacent catalyst for the Bitcoin price, according to Alice Li, concern spouse and caput of US astatine crypto task superior steadfast Foresight Ventures.

“I’m a beardown believer successful Bitcoin and the crypto market. So I deliberation Bitcoin could spell to astatine slightest $150,000 successful this cycle,” said Li, speaking during Cointelegraph’s Chain Reaction X Spaces amusement connected Tuesday.

Meanwhile, crypto task capital deals person slowed to conscionable 62 concern rounds successful May, marking their lowest monthly number of 2025, resulting successful $909 cardinal raised for the industry.