Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Ethereum is seeing its best week of inflows, with $2 billion flowing into cryptocurrency investment products.
EXCHANGE NEWS

Ethereum is seeing its best week of inflows, with $2 billion flowing into cryptocurrency investment products.

By Crypto FlexsJune 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum is seeing its best week of inflows, with  billion flowing into cryptocurrency investment products.
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin accounted for the largest share of total inflows last week, while Ethereum recorded its highest inflows since March, reaching $69 million.

A total of $2 billion was recorded in inflows into cryptocurrency asset investment products during the first week of June, taking the five-week inflows to over $4.3 billion. Moreover, the trading volume of all cryptocurrency ETPs last week was a whopping $12.8 billion, up 55% from the previous week.

CoinShares saw inflows from almost all providers, with outflows from existing providers slowing noticeably. This change in sentiment is due to weaker-than-expected macroeconomic indicators in the United States. Moreover, with the US scheduled to release CPI and PPI data for May, all eyes will be on the Federal Reserve’s decision to cut interest rates this week.

CoinShares said this favorable price action has resulted in total assets under management (AuM) exceeding $100 billion for the first time since March of this year.

Bitcoin (BTC) remains the main focus, recording inflows totaling $1.97 billion for the week. In contrast, Short-Bitcoin experienced an outflow of $5.3 million for three consecutive weeks. Ethereum (ETH) saw its highest inflows since March, reaching $69 million. This surge is likely a response to the unexpected SEC decision to allow spot-based ETFs.

Bitcoin and Ethereum hold steady ahead of key macro data releases.

Bitcoin and Ethereum prices showed little movement over the weekend, with open interest and trading volume declining after $400 million in leverage was leaked on Friday. However, with Wednesday’s CPI release underway, there is a good chance that market volatility will return to the cryptocurrency market.

A record increase in leverage in Bitcoin futures hit the bull market as markets plunged Friday after the release of Non-Farm Payroll (NFP) data. NFP numbers exceeded expectations. The U.S. economy added 275,000 jobs, compared to an expected 185,000. As a result, Bitcoin plummeted from $71,000 to $69,000. The employment data dampened prospects for an immediate interest rate cut from the Federal Reserve.

However, QCP Capital believes the Fed will not keep interest rates higher for much longer. “We agree that this is a great opportunity to buy the dip, as the market will increasingly price at least one Federal Reserve rate cut. “As other countries around the world continue to cut interest rates, it will be difficult for the U.S. to ignore them,” QCP Capital said.

Last week, the European Central Bank (ECB) and the Bank of Canada announced interest rate cuts, triggering a cycle of monetary easing.

next

Altcoin News, Bitcoin News, Cryptocurrency News, News

thank you!

You have successfully joined our subscriber list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025
Most Popular

Why Web3 Cloud is the answer

January 1, 2025

The Dark Side of DogeCoin: Discover the mysterious world of DogeCoinDark – The Defi Info

February 27, 2024

Exploring the Future of Cross-Chain Interoperability: An Interview with Dr. Weijia Zhang

November 26, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.