Ethereum Leads Market with $150M+ Inflows as Recent Slump Happens
Ethereum has seen a remarkable market recovery recently, with Ethereum bucking the trend significantly and defying the recent price decline.
According to a report by CoinShares, this latest surge in inflows has brought total inflows since the beginning of the year to $862 million, the highest level since 2021.
This surge is largely due to the recent launch of spot ETFs.
In contrast, short Bitcoin-related exchange-traded products saw their largest outflows since May 2023, reaching $16 million (23% of assets under management).
Cryptocurrency funds flows The positive trend also extended to investment products linked to Solana, Ripple and Cardano, which recorded weekly inflows of $4.5 million, $0.7 million and $0.6 million.
Overall, cryptocurrency investment products saw inflows of $176 million as investors saw recent price declines as a buying opportunity.
It has since rebounded to $85 billion, according to CoinShares estimates.
