However, James Butterfill, CoinShares’ head of research, noted that the pace of inflows into these products continues to slow.
Butterfill pointed to rising uncertainty over US monetary policy as a key factor driving this trend. He noted that investors are cautious while awaiting further signals from the Federal Reserve on inflation and potential interest rate changes.
According to him:
“There has been a noticeable deceleration amid uncertainty over monetary policy, with investors adopting a wait-and-see stance ahead of further signals from the US Federal Reserve on inflation.”
This marks its seventh week of gains, with inflows reaching $1.5 billion. These inflows represent about 10.5% of all Ethereum assets under management.
Butterfill noted that this is Ethereum’s strongest run since last November’s US election period. It also signals a significant rebound in investor confidence after prior weeks of outflows linked to price stagnation.
Notably, Short Bitcoin products also saw a second week of outflows, totaling $4.1 million. This year,
CoinShares attributed this trend to the same policy uncertainty weighing on overall market sentiment.
Meanwhile, major altcoins experienced mixed performance last week, with Sui and Chainlink being the major exceptions.
