Crypto funds raised $286 million despite market volatility

Cryptocurrency investment products continue to show steady inflows despite selling pressure caused by BTC dropping below $104,000.

For the week ending May 30, global crypto exchange-traded products (ETPs) recorded $286 million in inflows. Over the past seven weeks, the net inflow of investments has reached $10.9 billion.

AUM declines amid market uncertainty

Despite positive capital movements, total assets under management (AUM) dropped from a record $187 billion to $177 billion, reflecting market volatility due to uncertainty over U.S. tariffs, according to CoinShares Head of Research James Butterfill.

The main growth driver last week was Ethereum, whose investment products attracted $321 million in inflows — the highest level since December 2024. This indicates renewed investor confidence in the second-largest crypto asset by market cap.

Digital gold losing ground

While overall inflows into BTC remained solid, BTC ETPs recorded an $8 million outflow, particularly after a New York court ruled U.S. tariffs illegal, triggering a short-term market reversal.

Interestingly, XRP-based products showed the weakest performance, with a $28 million outflow — the second consecutive week of losses. This may reflect declining institutional confidence in the asset.