Ethereum’s Six-Week Winning Streak and $1.19B Inflows – Is Crypto Finally Trending?

by

Crypto Rollercoaster: Ethereum Keeps Soaring While Others Take a Dip 🤑

Oh, Internet, bless its chaotic heart! Ethereum has decided to be the star of the show, extending its winning streak to six glorious weeks. Yes, you read that right—six! Apparently, investors are feeling so confident, they’ve poured in a whopping $321 million in just seven days. That’s like throwing a lavish party on Wall Street itself. Total inflows now at $1.19 billion—pretty much the most since December 2024. CoinShares even called it “a decisive improvement in sentiment,” which sounds about right—less “can I get a refund?” more “pass the crypto, darling.”

Digital Assets Are Performing Anyway, Despite the Market Whirlwind 🎢

Meanwhile, things in the broader digital asset universe are… well, a bit more turbulent. Last week saw inflows of $286 million, pushing the overall weekly streak to an astonishing seven weeks and a total of $10.9 billion. But—here’s the fun part—total assets under management actually dipped from $187 billion to $177 billion because the market’s about as stable as a Jenga tower in an earthquake. Thanks, U.S. tariffs. Bitcoin started the week strong but faded faster than a New Year’s resolution after the courts declared tariffs illegal, leading to $8 million in outflows. And, oh, Bitcoin traders seem about as confident as someone trying to recover a lost sock—they’re pulling out a modest $3.6 million from short Bitcoin funds in hopes that maybe, just maybe, BTC won’t dive off a cliff.

Ethereum continues to impress, but Sui, Solana, and Chainlink threw in modest gains—think of it as the digital asset version of a polite round of applause, while poor Cardano barely made a blip with $0.1 million inflow. XRP, on the other hand, decided to be the bad ex—shedding over $28 million in what can only be described as a dramatic hissy fit. Not to be outdone, multi-asset funds also had a little meltdown with $2.4 million in outflows.

Investors Are Spreading Their Love (and Money) Around 🌎

This week, investors slightly shifted their sights away from the U.S., though it still managed to bring in a sweet $199 million. Germany scooped up $42.9 million, Australia grabbed $21.5 million, and Hong Kong outdid itself with a staggering $54.8 million—proof that even in the crypto chaos, some places are thriving like a well-watered houseplant. Canada wasn’t left behind either, pulling in $4.5 million. But Switzerland—oh, Switzerland—decided to be the grumpy neighbor, shedding $32.8 million, making it one of the few countries with net outflows so far this year. Fancy that.

Read More

2025-06-03 07:15