Thomas Daniels
Ether exchange-traded products (ETPs) attracted a remarkable $296 million in inflows over the past week—even as broader crypto market activity cooled—marking the strongest weekly performance since former President Trump secured victory in the 2024 U.S. election.
Leading inflows across all crypto investment vehicles, Ether-based ETPs now account for more than 10.5% of total assets under management (AUM) in the crypto ETP space. This inflow marks the seventh consecutive week of investor interest—evidence of a sustained sentiment turn, according to CoinShares.
Ryan Lee, Chief Analyst at Bitget Research, observes short-term ETH trading likely to range between $2,400 and $2,800 amid macroeconomic headwinds like trade tensions and deflation risks. He notes that network upgrades and growing ETF inflows could propel ETH toward $2,700, though a broader sell-off might test support near $2,300.
Bitcoin Funds See Outflows Ahead of Fed Decision
In contrast, Bitcoin-focused funds experienced $56 million in outflows, marking the second consecutive week of investor caution, as markets brace for the Fed’s impending decision on June 18. CoinShares attributes this trend to a prevailing “wait-and-see” stance as investors monitor U.S. inflation signals.
According to CME Group’s FedWatch data, markets now price in a 99.9% probability that interest rates will remain unchanged at the next FOMC meeting.
Outlook: Fed Cuts May Reignite Crypto Rally
Should the Fed pivot toward a rate cut, some analysts believe it could reignite momentum—particularly for Bitcoin. Alice Li, Investment Partner and U.S. Head at Foresight Ventures, expects Bitcoin to reach at least $150,000 in the current cycle.
