Ether-based investment products led inflows among cryptocurrency-based investment products last week, despite an overall slowdown in investor activity as markets await clarity from the US Federal Reserve.
Ether (ETH) exchange-traded products (ETPs) received $296 million of inflows last week, marking their best week since the 2024 election of US President Donald Trump, according to a Monday report from CoinShares.
Ether-based investment products now make up over 10.5% of the total assets under management (AUM) of all crypto-based ETPs.
This marked the seventh consecutive week of inflows for Ether ETPs and “a significant recovery in sentiment among investors,” CoinShares wrote in the report.
“ETH is likely to range between $2,400–$2,800, with trade tensions and deflationary pressures limiting gains,” said Ryan Lee, chief analyst at Bitget Research.
“Network upgrades and ETF inflows could support a push toward $2,700, though a broader market sell-off may test $2,300 support,” he told Cointelegraph.
Related: The Blockchain Group to raise $340M for Bitcoin treasury
Fed uncertainty weighs on Bitcoin
Across all digital asset investment products, weekly inflows reached $286 million, pushing the seven-week total to more than $11 billion. However, Bitcoin (BTC) funds saw $56 million in outflows, a second straight week of net losses.
CoinShares attributed the deceleration in Bitcoin inflows to investor caution ahead of the Federal Open Market Committee’s (FOMC) next interest rate decision on June 18. Investors have adopted a “wait-and-see stance ahead of further signals from the US Federal Reserve on inflation,” the report said.
Markets are currently pricing in a 99.9% chance that the Fed will keep interest rates steady during the next FOMC meeting, according to the latest estimates of the CME Group’s FedWatch tool.
Related: Stablecoin legislation to drive Bitcoin market cycle in 2025: Finance Redefined
The first interest rate cut of the year may provide the next catalyst for the Bitcoin price, according to Alice Li, investment partner and head of US at crypto venture capital firm Foresight Ventures.
“I’m a strong believer in Bitcoin and the crypto market. So I think Bitcoin could go to at least $150,000 in this cycle,” said Li, speaking during Cointelegraph’s Chain Reaction X Spaces show on Tuesday.
Meanwhile, crypto venture capital deals have slowed to just 62 investment rounds in May, marking their lowest monthly count of 2025, resulting in $909 million raised for the industry.
Magazine: Bitcoin $200K ‘obvious’ breakout, GameStop’s first BTC buy: Hodler’s Digest, May 25 – 31
