According to CoinShares, global Bitcoin funds registered net inflows totaling $148 million last week. In contrast, short Bitcoin products saw outflows amounting to $3.5 million. Ethereum funds also attracted $33.5 million, marking the second consecutive week of positive inflows after a prolonged period of minimal activity.
“This reflects a shift in investor sentiment for Ethereum, which had endured a 10-week stretch of outflows totaling $200 million,” CoinShares noted. This renewed interest in Ethereum has also positively impacted Solana, which saw $5.8 million in inflows amid speculation about potential Solana ETFs and other altcoin products.
While the majority of these inflows originated from the United States, significant crypto investments were also reported in Canada and Switzerland, where Ethereum maintains strong institutional support alongside Bitcoin.
Experts are projecting that Ethereum ETFs could debut in July, potentially capturing about 20% of the demand seen by Bitcoin ETFs. “Securing 20% of Bitcoin ETF demand would signify an enormously successful launch by typical ETF standards,” Bloomberg ETF analyst Eric Balchunas commented last week.