Ethereum ETPs Smash Records While Bitcoin Stumbles—Wall Street Still Can’t Decide If Crypto Is ’Fraud’ or ’The Future’
As Bitcoin grapples with a bearish slump, Ethereum’s exchange-traded products just hit an all-time high—proving once again that crypto markets thrive on chaos.
While traditional finance pundits clutch their pearls over volatility, smart money quietly stacks ETH. Guess those ’bubble’ warnings didn’t age well.
Funny how institutional FOMO kicks in right as retail investors get nervous. The more things change...
In Brief
- Ethereum attracts $321 million through its ETPs, best performance since December 2024.
- BlackRock records $430.8 million outflows, worst day since its ETF launch.
- 67% of Ethereum holders show profits according to recent on-chain data.
- Michaël van de Poppe mentions a possible rebound if Bitcoin exceeds $106,000.
Ethereum attracts capital: crypto in the spotlight
This week, Ethereum surprised the market to the point of announcing an altseason 250 times more powerful., an unmatched peak since December 2024. In contrast,, while XRP saw $28 million flee.
Why Ethereum? The recent approval ofhas reignited institutional interest.remains a magnet for capital, and its technical structure reassures.
Ryan Lee, Chief Analyst at Bitget Research, sheds light on this strategic moment:
Ethereum, holding just below its resistance at $2,738, trades within a range between $2,200 and $2,800. On-chain data reveals more than 67% of holders are profitable, showing stable conviction, although the bullish momentum seems capped as long as Ethereum does not clearly surpass $2,810.
Thisinspires confidence and redraws the hierarchy among dominant cryptos.
Bitcoin ETFs falter: resilience and turbulence
While Ethereum shines,. After six weeks of steady inflows, May 30 marked a turning point. Therecorded, its worst day since launch. The day before, all 11 US Bitcoin ETFs already endured $346.8 million in withdrawals. Yet,, gathering $790 million over the week.
Despite this,. Meanwhile, 21Shares and ARK Invest recorded net losses of $282 million, reinforcing the idea of a transitioning market.
These outflows reflect less panic than. Profit pockets have been taken, and positions shifted to assets seen as more promising in the short term. Crypto remains resilient, but under pressure.
Crypto: bifurcation or just a breather?
Between Ethereum’s breakthrough and Bitcoin’s outflows, the crypto market gives an. June, historically a month of moderate volatility, opens with mixed signals. Michaël van de Poppe anticipates a decisive week:
If bitcoin breaks above $106,000, the party could start.
He adds: “As long as Ethereum holds its supports, the rise can continue.”
This play of technical thresholds coincides with the(PMI, unemployment) that will likely influence trends.
Here are the key figures to remember this week:
- $321 million net inflows for Ethereum ETPs;
- $430.8 million outflow from BlackRock’s Bitcoin ETF in one day;
- 67% of Ethereum holders currently in profit;
- $790 million inflows for iShares ETFs despite a decline in their AUM.
These figures sketchBitcoin looks for a second wind. ETFs and ETPs become essential barometers to read institutional movements and anticipate major crypto trends.
Seeing Ethereum temporarily take precedence over its elder makes perfect sense. Just after Trump’s inauguration, a colossal influx of $1.9 billion was recorded on ETH. The signal is clear: institutional investors have indeed found their new crypto playground.
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