Ether crypto funds see $296M inflows in best week since Trump election
Ether investment products experienced $296 million in inflows last week, marking their best performance since the Trump election, even as overall market activity slowed due to anticipation of the US Fed's June rate decision. Ether-based investment products, principally ETPs, accounted for this inflow, representing over 10.5% of total assets under management in crypto ETPs. This also marks the seventh week of consecutive inflows, reflecting a positive shift in investor sentiment, according to CoinShares. However, Bitcoin funds saw a stark contrast, experiencing $56 million in outflows for the second consecutive week due to investor caution as they await the Fed's interest rate decision on June 18. The market predicts a 99.9% likelihood that the Fed will maintain current interest rates. The broader market context includes a recent deceleration in overall digital asset inflows, with a total of $286 million observed last week and a cumulative total surpassing $11 billion over the last seven weeks.
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