Ethereums Rise Shadows Bitcoin Funds as Crypto Investment Dynamics Shift

From May 31 to June 6, inflows into cryptocurrency investment funds reached $224 million, indicating a slowdown in momentum, yet Ethereum remains a key driver of positive movement. This is highlighted in the report from [CoinShares](https://blog.coinshares.com/volume-237-digital-asset-fund-flows-weekly-report-be52f926615f).

In the previous reporting period, the figure stood at [*](https://forklog.com/news/nedelnyj-pritok-v-ethereum-fondy-dostig-321-4-mln) $321 million. Over the course of a seven-week stretch, total inflows have amounted to $11 billion.

In the past week, the second-largest cryptocurrency by market capitalization benefited the most, attracting $295.4 million to crypto funds based on it, while $56 million was withdrawn from Bitcoin-related instruments by investors.

The trend in U.S. spot Bitcoin ETFs has shown negative momentum for two consecutive weeks.

Amid the weakening of digital gold’s position, Ethereum now accounts for 10.5% of the total assets under management in cryptocurrency investment funds, which stands at $175 billion.

The interest in altcoins remains subdued, with Solana and XRP funds losing $2.1 million and $4 million, respectively, over the week.

Products associated with Sui experienced an inflow of $1.1 million, while those related to Chainlink saw $0.2 million.

«Given the uncertainty around monetary policy, we are observing a significant slowdown, prompting investors to adopt a cautious stance as they await further signals from the U.S. Federal Reserve regarding inflation,» CoinShares attributed the overall decline in activity to this sentiment.

Additionally, Derive’s founder, Nik Forster, reported expectations of a «healthy» pause in digital gold’s price movements prior to the resumption of a bull run.

At Bernstein, it was noted that institutional purchases are one of the five key factors for the continued growth of Bitcoin.