Crypto Funds Notch $176M Amid Ethereum ETF Drive, What’s Next For Investors

Crypto funds attracted $176 million net inflow in the last seven days amid Ethereum ETFs number and increased market drive. ETH ETF saw its first positive net inflow since its launch driving up numbers. Traditional investors continue making inroads into the digital assets market on the heels of approved funds.,Last week, crypto products recorded $176 million inflows with Ethereum leading the pack following ETF momentum. According to CoinShares Weekly Fund Flows, investors saw the price decline last week as a good buying opportunity increasing market exposure. Bitcoin marked outflows at the start of the week before turning the tide taking net weekly inflows to $13 million.,Going against the recent waves after the approval of spot Bitcoin ETFs, the asset played second fiddle to Ethereum and multi-asst products. ETH-based products topped the chart with $155.4 million in inflows as Ethereum ETFs turned positive. ,Meanwhile, short BTC saw $16 million in outflows in the last seven days, the largest number since May 2023 taking a toll on Assets Under Management (AUM) for short positions. Total AUM stands at $84.9 billion with over $22 billion in crypto funds this year. Recent flows to Ethereum ETFs also shaped monthly numbers above rival assets. ,Also Read: Crypto Market Selloff: Here’s Why Bitcoin, ETH, XRP Risk Massive Liquidations,Recent market activity shows investor appetite for altcoins following the market rebound after the last dip. While users saw the buying opportunity, most directed inflows of altcoins leveraging on spot Ethereum ETFs. Generally, crypto ETFs have led to increased traditional investments in the market. The present market narrative can be seen as BTC faces significant selling pressure in spot markets while ETH shows moderate buying pressure. However, the perpetual market shows selling pressure as activities ramp up. Crypto funds recorded inflows across multiple jurisdictions last week.,