Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
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

Investors are the main level of support of the eyes.

June 6, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The price is farther, and the investor of EDGE

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Nautilus launches anti -tamper prevention Oracles in Sui Mainnet.

June 7, 2025

Binance Alpha Listing Drive Skating Token Price 33%

June 7, 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

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025
Most Popular

Coinbase Clashes with SEC Over ‘Irrational’ DEX Regulations

August 13, 2024

Injective: Reasons for INJ’s recent 10% surge

December 1, 2023

Why did Solana (SOL) price drop today?

August 1, 2024
  • 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.