Ethereum (ETH) gains traction as institutional and retail investors currently favor it over Bitcoin (BTC) and XRP. Ethereum leads inflows with the strongest run since 2024, as per the digital asset fund flows data released by CoinShares on Monday.
Ethereum (ETH) Records Largest Inflows Since 2024
Crypto asset investment products recorded $286 million in inflows and Ethereum witnessed record inflows, according to CoinShares report on June 2. It brings the 7-week total inflows to $10.9 billion.
The total assets under management (AuM) dropped from $187 billion to $177 billion by end of the week. This happened as crypto prices dipped amid market volatility triggered by uncertainty over US tariffs.
Regionally, investor focus shifted somewhat away from the US, which still recorded inflows of US$199m last week.
While US stayed dominant with $199 million in inflows, Germany and Australia saw an uptick in inflows of $42.9 million and $21.5 million, respectively. Notably, Switzerland recorded $32.8 million in outflows, becoming the only country to see a net outflow position year-to-date.
Investors continue to be bullish on XRP as it saw its second week of outflows of $28.2. Notably, XRP saw $37.2 million in outflows in the earlier week, which ended its 80-week inflow streak.
Solana, Sui, Cardano, and Chainlink saw modest inflows of $1.5, $2.2, $0.1 and $0.8 million, respectively.
Has ETH Price Turned Bullish?
Institutions favor investing in Ethereum (ETH) as it led the crypto inflows for another week, totalling $321 million. This is the strongest run for ETH since December 2024.
Popular analyst Michael van de Poppe said “As long as ETH holds up, we’ll be good to have a continuation taking place.” He predicted massive price movements on ETH as it’s a big week with macro data.
ETH/BTC chart in the daily timeframe shows a likely rebound in price amid the shift in capital inflows. Also, a decline in Bitcoin dominance may bring a recovery in altcoins.
Another analyst CryptoTony has set $2,750 as the next price target for Ethereum. However, it needs to hold the current levels for next leg up towards $3,000.
ETH price trading sideways in the past 24 hours, with the price currently trading at $2,510. The 24-hour low and high are $2,472 and $2,547, respectively.
