Ether etps drive $286 million crypto inflows, bitcoin sees outflows

Global crypto exchange-traded products (ETPs) recorded $286 million of inflows in the week ending May 30, marking a seven-week inflow streak totaling $10.9 billion, CoinShares reported on June 2. Ether (ETH) ETPs led the buying with $321 million in inflows, the strongest since late December 2024. Bitcoin ETPs, however, experienced $8 million in outflows following a flow reversal after the New York Court's decision on US tariffs, according to CoinShares. Despite the inflows, total assets under management (AuM) declined from a record $187 billion to $177 billion due to market volatility. Bitcoin (BTC) tumbled roughly 6% from $110,000 last Monday to an intraweek low of $103,400 by May 30, CoinGecko data shows. XRP (XRP) investment products saw the largest outflows last week, totaling $28 million, marking the second consecutive week of losses.