Last week, Ether-based investment products led inflows among cryptocurrency investment options, despite a general slowdown in investor activity as the market awaits clarity from the US Federal Reserve.
Ether exchange-traded products (ETPs) attracted $296 million in inflows, marking their strongest week since the 2024 election of US President Donald Trump, according to a Monday report by CoinShares.
Ether-based products now represent over 10.5% of the total assets under management (AUM) across all crypto ETPs.
This was the seventh consecutive week of inflows for Ether ETPs, signaling “a significant recovery in investor sentiment,” CoinShares noted in the report.
“ETH is expected to trade between $2,400 and $2,800, with trade tensions and deflationary pressures capping potential gains,” said Ryan Lee, chief analyst at Bitget Research.
He added, “Network upgrades and ETF inflows could help drive prices toward $2,700, but a wider market sell-off might test support around $2,300.”
Bitcoin faces pressure amid Federal Reserve uncertainty
Weekly inflows across all digital asset investment products totaled $286 million, bringing the seven-week cumulative inflows to over $11 billion. However, Bitcoin funds experienced $56 million in outflows, marking a second consecutive week of net withdrawals.
CoinShares attributed the slowdown in Bitcoin inflows to investor caution ahead of the Federal Open Market Committee’s (FOMC) upcoming interest rate decision on June 18. According to the report, investors are taking a “wait-and-see stance” as they await further signals from the US Federal Reserve regarding inflation.
Markets are currently pricing in a 99.9% probability that the Fed will hold interest rates steady at the upcoming FOMC meeting, according to the latest data from CME Group’s FedWatch tool.
Alice Li, investment partner and head of US at crypto venture capital firm Foresight Ventures, believes the first interest rate cut of the year could be the next key driver for Bitcoin’s price.
“I’m a strong believer in Bitcoin and the crypto market. I think Bitcoin could reach at least $150,000 in this cycle,” Li said during Cointelegraph’s Chain Reaction X Spaces show on Tuesday.
Meanwhile, crypto venture capital activity slowed in May, with just 62 investment rounds—the lowest monthly total of 2025—raising $909 million for the industry.
