Ether-based investment products led the arrival among cryptocurrency-based investment products last week, despite the overall recession in investor activity, the markets were waiting for clarity from the US Federal Reserve.
Ether (ET) Exchange-traded products (ETPS) received an influx of $ 296 million last week, which was identified since their best week. 2024 election US President Donald Trump, According For Monday’s report from coinshares.
Ether-based investment products now make more than 10.5% of the total assets under the management (AUM) of all crypto-based ETPs.
It marked the ether ETPS for the seventh consecutive week’s arrival and “a significant recovery in the spirit between investors”, the report has written in the report.
Ryan Lee, chief analyst at Bitgate Research, said, “ETH is likely to be between $ 2,400- $ 2,800, with limiting trade tension and deflation pressure,”.
He said, “Network upgrades and ETF inflows can support a push towards $ 2,700, although selling a broad market may test a support of $ 2,300,” he told cointelegraph.
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Fed uncertainty weighs on bitcoin
Crossing all digital asset investment products, the weekly flow rose to $ 286 million, to exceeding $ 11 billion to the total of seven weeks. However, bitcoin (BTC) Funds saw a decrease of $ 56 million, which was the second direct week of net deficit.
Coinshares blamed the recession in bitcoin inflow on June 18, in front of the Federal Open Market Committee (FOMC )’s next interest rate decision. Investors have extended the “weight-end-looking trend ahead of the US Federal Reserve,” the report states.
Markets will currently keep the interest rates stable during the next FOMC meeting that the markets are pricing at 99.9% likely, According For the latest estimates of CME Group’s Fedwatch Tool.
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The first interest rate of the year can provide the next catalyst for bitcoin value, Alice Lee, Investment Partner and Crypto Venture Capital Firm according to our chief in Formite Ventures.
“I am a strong believer in Bitcoin and Crypto market. So I think Bitcoin can go up to at least $ 150,000 in this cycle,” Lee said, Lee, Lee, Speaking Cointelegraph’s chain reaction is shown on Tuesday during the X space.
During this time, Crypto enterprise capital The deals have slowed down only 62 investment rounds in May, marking their lowest monthly count of 2025, resulting in $ 909 million to the industry.
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