Ah, the world of Ether, where fortunes are made and lost faster than a merchant’s fickle mood! Last week, our dear Ether-based investment products outperformed all other cryptocurrency-based investments, despite the general somber mood among investors awaiting some sign of life from the US Federal Reserve. Tensions are as palpable as a bad soufflé rising at the wrong time.
But, lo and behold! Ether (ETH) exchange-traded products (ETPs) garnered a delightful $296 million in inflows last week, making it their finest hour since that fateful 2024 election of President Donald Trump. Oh, what a week it was—surely one for the history books of crypto, a veritable “second coming” of enthusiasm! CoinShares reports this bit of splendid news on Monday, and I must say, their timing was impeccable.
Ether’s investments now account for over 10.5% of the total assets under management (AUM) of all crypto-based ETPs. Ah, how the mighty have risen! A seven-week streak of inflows for Ether ETPs, fueling what CoinShares describes as “a significant recovery in sentiment among investors.” But do keep your excitement in check, dear reader—sentiment, as you well know, can be as changeable as a fickle lover.
Now, let us not forget the pearls of wisdom from Ryan Lee, the chief analyst at Bitget Research, who predicts that Ether will hover between $2,400 and $2,800, kept in check by trade tensions and deflationary pressures. Alas, the eternal struggle between optimism and caution, where the “push” toward $2,700 is threatened by the looming shadow of a broader market sell-off that may test $2,300 support. How thrilling!
“ETH is likely to range between $2,400–$2,800,” says Lee. Such clear and direct predictions! I do wonder how often he’s right. Time will tell, won’t it? Just like the Fates themselves making bets on the stock market.
Fed Uncertainty Weighs on Bitcoin
Meanwhile, across the land of digital assets, weekly inflows of $286 million raised the seven-week total to a rather impressive $11 billion. Yet, Bitcoin—ah, Bitcoin—was not so lucky. With $56 million in outflows, this marks the second consecutive week of losses for our beloved BTC. One can only wonder if Bitcoin has caught wind of the latest Federal Open Market Committee (FOMC) meeting. Will they raise interest rates? Will they not? Oh, the drama of it all!
CoinShares attributes Bitcoin’s decline to investor caution in the face of uncertainty surrounding the Fed’s upcoming decision. It seems as though the market is adopting a “wait-and-see” approach, much like the hesitant guest at a dinner party unsure of whether to take the first bite. Will inflation be tamed? Who knows! The tension is enough to make anyone break into a cold sweat.
Currently, the markets are pricing in a 99.9% chance that the Fed will keep interest rates steady during the next FOMC meeting, according to the latest from the CME Group’s FedWatch tool. Oh, how delightful! So predictable. Or is it?
The first interest rate cut of the year may indeed provide the next big catalyst for Bitcoin, according to Alice Li, the head of US at Foresight Ventures. “I’m a strong believer in Bitcoin,” she says, confidently. “I think Bitcoin could go to at least $150,000 in this cycle.” Strong words indeed, but let’s hope she isn’t wearing rose-colored glasses.
In other news, crypto venture capital deals have slowed to just 62 investment rounds in May, their lowest monthly count for 2025. A mere $909 million raised for the industry, and yet we still live in hope! Ah, the fickleness of fortune in the land of crypto. It’s enough to make one long for the stability of a humble vegetable garden.
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2025-06-09 14:11