Ether crypto funds see $296M inflows in strongest week since 2024

Ether-based (CRYPTO:ETH) investment products recorded $296 million in inflows last week, marking their strongest weekly performance since the 2024 US presidential election.

According to a report from CoinShares, this inflow represents the seventh consecutive week of positive net investments into Ether exchange-traded products (ETPs).

Ether ETPs now account for over 10.5% of the total assets under management across all cryptocurrency-based ETPs.

CoinShares described the inflows as “a significant recovery in sentiment among investors” amid a broader market slowdown.

“ETH is likely to range between $2,400–$2,800, with trade tensions and deflationary pressures limiting gains,” said Ryan Lee, chief analyst at Bitget Research.

“Network upgrades and ETF inflows could support a push toward $2,700, though a broader market sell-off may test $2,300 support,” he added.

Despite the positive trend for Ether, Bitcoin (CRYPTO:BTC) funds experienced $56 million in outflows last week, marking a second consecutive week of net losses.

CoinShares attributed the Bitcoin outflows to investor caution ahead of the US Federal Reserve’s upcoming interest rate decision scheduled for June 18.

“Investors have adopted a wait-and-see stance ahead of further signals from the US Federal Reserve on inflation,” the report noted.

Market data from CME Group’s FedWatch tool indicates a 99.9% probability that the Fed will maintain current interest rates at the next Federal Open Market Committee meeting.

Alice Li, investment partner and head of US at crypto venture capital firm Foresight Ventures, expressed optimism about Bitcoin’s future price.

“I’m a strong believer in Bitcoin and the crypto market. So I think Bitcoin could go to at least $150,000 in this cycle,” she said.

Meanwhile, crypto venture capital activity slowed in May, with 62 investment rounds raising $909 million, the lowest monthly count of 2025 so far.

At the time of reporting, the Ethereum (ETH) price was $2,707.87.