Ethereum Outshines Bitcoin as Cryptocurrency Funds Face Challenges

From May 31 to June 6, investments in cryptocurrency funds totaled $224 million. While inflows are slowing, Ethereum retains a positive trend. This is noted in a report by [CoinShares](https://blog.coinshares.com/volume-237-digital-asset-fund-flows-weekly-report-be52f926615f).

In the previous reporting period, the figure was $321 million. Over the course of seven weeks, the total influx reached $11 billion.

During the past week, the second-largest cryptocurrency by market cap, Ethereum, was the primary beneficiary, attracting $295.4 million into crypto funds. In contrast, bitcoin-based instruments saw outflows of $56 million.

The US spot Bitcoin ETF segment has experienced negative trends for the second consecutive week.

Amid the weakening of digital gold’s standing, Ethereum now accounts for 10.5% of the total assets managed by cryptocurrency investment funds, which amount to $175 billion.

Activity in altcoins remains subdued: over the last week, Solana and XRP-based funds lost $2.1 million and $4 million, respectively.

Sui-based products saw an influx of $1.1 million, while Chainlink attracted $0.2 million.

«Against the backdrop of uncertainty regarding monetary policy, there is a noticeable slowdown, and investors have adopted a cautious stance while awaiting further signals from the US Federal Reserve regarding inflation,» CoinShares commented on the overall decline in activity.

It’s worth noting that Derive founder Nick Forster has predicted a «healthy» pause in the dynamics of digital gold’s prices before a potential renewal of the bull run, as reported [here](https://forklog.com/news/ekspert-sprognoziroval-zdorovuyu-pauzu-bitkoina-pered-vozobnovleniem-bullrana).

Additionally, Bernstein has identified institutional purchases as one of the five key factors that may contribute to the continuation of Bitcoin’s growth [here](https://forklog.com/news/v-bernstein-nazvali-pyat-faktorov-prodolzheniya-rosta-bitkoina).