Crypto Frenzy: $286M Inflows, Ether’s Rise & Bitcoin’s Rollercoaster 🎢💰

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In the grand theatre of finance, crypto investment products decided to keep their nonsense going with a continuous inflow streak last week—despite Bitcoin doing its best impression of a sinking stone, dropping all the way to $103,000. Yes, that’s a lot of zeros, but apparently not enough zeros to stop the flow of money—because apparently, fear of missing out is stronger than a bear market on steroids.

Global crypto exchange-traded products (ETPs) delightedly soaked up a hefty $286 million in new money during the week ending May 30, making it seven weeks in a row of ‘Hey, take my money!’ moments, racking up a cool $10.9 billion according to the wise sages at CoinShares.

However, like a plot twist in a badly written soap opera, total assets under management (AUM) took a tiny tumble from a dizzying $187 billion to a more modest $177 billion over the weekend. This appeared to be due to market volatility sparked by US tariffs—because what could possibly go wrong? —along with everyone’s favorite pastime: panicking about tariffs.

Meanwhile, Bitcoin (BTC) wasn’t exactly getting a standing ovation, falling about 6% from its peak of $110,000 to a more ‘sensible’ $103,400; as if the magic of numbers and sentiment could be so easily disturbed by a little thing called market forces. CoinGecko had the scoop on this rollercoaster.

Ether ETPs Take the Trophy (and the Money! 💸)

Ether (ETH) ETPs stole the show with a massive influx of $321 million—because apparently, everyone’s suddenly decided that Ethereum is the new black, or at least a slightly shinier shade of grey since late December 2024. This marked the strongest buying spree since the last episode of ‘Crypto Gone Wild.’

Meanwhile, Bitcoin ETPs helplessly watched $8 million slip away, everyone’s hopes dashed by a New York Court ruling that declared US tariffs illegal. Sorry, tariffs—you had your moment, but it’s over now. Or so everyone hopes.

Crypto chart showing fluctuations

And let’s not forget XRP (XRP)—the rebellious younger sibling of the crypto family—logging the biggest outflows of $28 million last week. Apparently, being the second consecutive week of losses is their new fashion statement, much to Butterfill’s dismay.

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2025-06-02 12:31