24/7 Cryptocurrency News

Ethereum (ETH) Funds See Ninth Straight Weeks of Outflows, Signs of Worry?

Published by
Ethereum (ETH) Funds See Ninth Straight Weeks of Outflows, Signs of Worry?

Digital asset management and crypto investment tools provider – CoinShares – has recently published its weekly report giving a glimpse into the net fund flows into the crypto market for the last week. For the last week ending June 3, digital asset investment products recorded total net inflows at $100million.

While Bitcoin (BTC) registered net inflows, Ethereum (ETH) continues to suffer. Ethereum funds registered net outflows for the ninth consecutive week in a row. As CoinShares explains:

“Ethereum continues to suffer, with another week of outflows totalling US$32m. Ethereum has endured 9 straight weeks of outflows implying enduring negative investor sentiment. However, since the outflows began in December 2021, they only represent just under 7% of total AuM”.

This could be a bit worrying sign for Ethereum showing that investors are losing confidence in the Bitcoin competitor. In its previous week’s report, CoinShares mentioned that investors preferred other altcoins over Ethereum.

Ethereum (ET) Market Dominance Shrinking

Ethereum (ETH) has been part of the brutal market sell-off this year. The major thing is that Ethereum’s market dominance has been shrinking continuously and is currently under 18%. On the other hand, Bitcoin market dominance continues to rise.

This goes to show that in times of distress and bear market conditions, investors usually consider Bitcoin as a safe haven over Ethereum. The CoinShares report shows that Bitcoin saw net inflows for the last week. The report notes:

Bitcoin saw inflows totalling US$126m last week, bringing total inflows year-to-date to just past the half a billion mark at US$506m.

Stakes are high for Ethereum this year as everyone is keenly awaiting ‘The Merge’ upgrade on its platforms. This week ahead, developers will be testing ‘The Merge’ upgrade on the Ethereum Ropsten testnet. If successful, they shall apply the same on the mainnet by August 2022. Positive developments in this regard can further revive investors’ interest in Ether (ETH).

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges

U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…

October 1, 2025
  • 24/7 Cryptocurrency News

Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility

Asset manager Hashdex has officially included Cardano in its Nasdaq Crypto Index U.S. ETF. This…

October 1, 2025
  • Bitcoin News

U.S. Treasury To Ease Tax Rule on Unrealized Bitcoin Gains, Aiding Saylor’s Strategy

The U.S. Treasury and IRS have released an interim guidance, which highlights plans to ease…

October 1, 2025
  • 24/7 Cryptocurrency News

Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin

Trump Family's World Liberty Financial has unveiled big real-world asset (RWA) tokenization plans on Wednesday,…

October 1, 2025
  • 24/7 Cryptocurrency News

Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms

Fintech giant Stripe has unveiled a suite of tools to enable businesses to tap into…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder

Metaplanet has expanded its Bitcoin portfolio with another purchase. The Tokyo-listed firm is now the…

October 1, 2025