Ether ETPs Post $296M in Best Week Since Trump Election
Ether-based investment products led cryptocurrency inflows last week, attracting $296 million, the highest since the 2024 US presidential election. Ether exchange-traded products (ETPs) now account for over 10.5% of total assets under management in crypto ETPs, marking seven consecutive weeks of inflows. Analysts predict Ether prices will range between $2,400 and $2,800, influenced by trade tensions and deflationary pressures. In contrast, Bitcoin funds experienced $56 million in outflows for the second week, attributed to investor caution ahead of the Federal Reserve's interest rate decision on June 18. Overall digital asset investment products saw $286 million in inflows, totaling over $11 billion in seven weeks. Markets anticipate a 99.9% chance the Fed will maintain current interest rates. Crypto venture capital activity has declined, with only 62 investment rounds in May, raising $909 million.
