Digital asset investment products continued to draw investor interest last week, raking in $286 million despite pressure from a sharp Bitcoin price dip.
According to a June 2 report by CoinShares, global crypto exchange-traded products (ETPs) extended their positive streak to seven consecutive weeks, with total inflows now reaching $10.9 billion over that period.
Even with the ongoing inflows, overall assets under management (AUM) fell from a record $187 billion to $177 billion by the end of the week. CoinShares’ head of research, James Butterfill, attributed this decline to market jitters linked to uncertainty around U.S. tariff developments.
The latest inflows came during a tough week for Bitcoin, which saw its price fall from $110,000 on Monday to a low of around $103,400 by May 30, based on CoinGecko data.
Ether Takes the Lead in Inflows
Ethereum-related ETPs outperformed all others, pulling in $321 million in new capital—the highest weekly inflow for Ether since December 2024. The surge reflects a notable shift in sentiment toward the Ethereum ecosystem.
Bitcoin ETPs, by contrast, experienced $8 million in outflows. Butterfill noted that the reversal came after a U.S. court decision declaring certain tariffs illegal, triggering uncertainty among investors.
XRP investment vehicles were the hardest hit, recording $28 million in outflows—marking the second straight week of declines for the token.
iShares Dominates Inflows Despite Bitcoin ETF Outflows
BlackRock’s iShares crypto ETFs topped the leaderboard among issuers last week, attracting $790 million in inflows—even though Bitcoin ETFs under the brand saw sizable withdrawals later in the week. Year-to-date, iShares inflows have climbed to $12.4 billion, though its AUM slid to $72.9 billion from $74.8 billion.
Meanwhile, ARK Invest and 21Shares posted the largest outflows among issuers, totaling $282 million last week and pushing their cumulative net flows to a $22 million deficit for the year.
Profit-Taking and Seasonal Lulls in BTC
Bitcoin’s downturn followed a six-week rally in BTC-focused products. Analysts point to a mix of profit-taking and broader market headwinds—including seasonal weakness often seen in June—as key reasons for the pullback.
Some long-term holders reportedly took advantage of BTC’s recent climb past $110,000 to lock in gains, leading to fresh selling pressure.
Ethereum products, however, have been gaining momentum, supported by improving network metrics and a resilient futures market. ETH had previously endured a tough stretch, prompting some trading firms to reduce support in early May and dismiss it as no better than a memecoin. But others saw the dip as a potential bottom, possibly setting the stage for a rebound.
As of publishing, Ether was priced around $2,486, down from $2,771 on May 28—but still up 36% over the past month, per CoinGecko.
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