Ethereum (ETH) Sees $205M Weekly Inflows Following Successful Pectra Upgrade

While confidence in Ethereum improved, Solana experienced a $0.89 million outflow over the last week.

For the seventh week, digital asset investment products had inflows of $785 million. This increased overall inflows for the year to $7.5 billion, surpassing the previous high of $7.2 billion set in February. The inflows have now offset the $7 billion in outflows during the February-March dip. Surprisingly, Ethereum demonstrated strong performance. 

According to the most recent edition of CoinShares’ Digital Asset Fund Flows Weekly Report, Ethereum received $205 million in inflows last week, increasing its year-to-date total to $575 million. Following delays and the recruitment of co-executive director Tomasz Stańczak, the Pectra upgrade was ultimately launched on May 7th, restoring investor confidence. 

Bitcoin also experienced significant inflows of $557 million, albeit down from the previous week, likely due to the Federal Reserve’s persistent hawkish posture. Meanwhile, short-bitcoin instruments garnered $5.8 million for the fourth week running, indicating investor hedging as prices rise. 

During the same period, Sui and XRP received $9.3 million and $4.9 million, respectively, while Cardano and Chainlink received $0.5 million and $0.2 million. On the other hand, Solana experienced a $0.89 million outflow, while multi-asset products saw a greater $2.9 million withdrawal.

Regional investor mood was divided. The United States, for example, experienced significant weekly inflows of $681 million, with Germany and Hong Kong contributing $86.3 million and $24.2 million, respectively, marking Hong Kong’s highest since November 2024. Australia and Switzerland followed, with minor inflows of $13.5 million and $2.7 million, respectively. However, mood deteriorated in Sweden, Canada, and Brazil, which saw outflows of $16.3 million, $13.5 million, and $3.9 million during the last week, respectively.

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