Ethereum Shines as Global Crypto Funds Gain $785 Million in Weekly Inflows

According to CoinShares, last week's global crypto funds saw net inflows of $785 million, largely driven by renewed optimism in Ethereum. This marks the fifth consecutive week of inflow gains, with the year-to-date total now exceeding $7.5 billion. Inflows also fully recovered from the earlier $7 billion outflows during February-March. Bitcoin funds dominated, gaining $557 million, but Ethereum emerged as the 'standout performer,' contributing $205 million to the year's inflows. This follows Ethereum's successful Pectra upgrade and new leadership appointments. Nonetheless, U.S. Ethereum ETFs saw limited traction, with only $41.8 million in inflows. Meanwhile, markets in the U.S., Germany, and Hong Kong attracted the most inflows, while Swedish, Canadian, and Brazilian funds faced outflows. Solana was the only product witnessing net outflows of $0.9 million last week.