The crypto influx continues to extend its multi-week winning streak despite Bitcoin (BTC) and Ethereum (ETH) still pay attention to a wide range of markets.
However, Ethereum is still an outlier, indicating that it has significantly higher interest and sentiment from investors than Bitcoin.
Cryptocurrency spiked to $1.03 billion last week
Crypto inflows reached $1.04 billion last week, significantly lower than the $2.6 billion crypto inflow for the week ending June 28th, but marks a positive twelve consecutive weeks.
The latest Coinshares report shows that last week’s crypto influx has pushed managed assets (AUMs) to $188 billion. The US accounted for most of these flows, recording more than 98% at $1.025 billion.
More closely, Bitcoin has a share of Lions, recording $790 million of the $1.042 billion crypto inflow last week. In particular, this was a noticeable slowdown compared to the previous week when Bitcoin inflows reached $2.2 billion.
James Butterfill, head of research at Coinshares, attributes this to investors’ attention.
“Inflow moderation (especially with Bitcoin) suggests that investors are becoming more cautious as Bitcoin approaches its highest price level ever,” writes Batafil.
Cryptocurrency in last week. Source: Coinshares
Meanwhile, Ethereum remains an outlier, showing positive trends for the 11th consecutive week. Proportionally, Ethereum’s weekly crypto inflow averages 1.6% for AUM, significantly higher than Bitcoin’s 0.8%.
“This indicates a significant shift in investor sentiment in favour of (highlight) Ethereum,” Batafil added.
Ethereum sentiment is lifted as a way to promote staking, stubcoin clarity
Analysts attribute Ethereum’s improvement in feelings for the convergence of several catalysts. After Ethereum prices have recently surpassed $2,500, analysts will cite validator upgrades to improve staking efficiency and reduce supply.
“Ethereum is staging a strong comeback from recent volatility caused by escalating tensions in the Middle East as investors’ trust is renewed.
Similarly, Bitget’s chief analyst Ryan Lee pointed out that Ethereum prices are being drawn towards a psychological level of $3,000, citing ETF inflows, staking upgrades and supply cuts. This is in line with bullish predictions from Bitise Cio Matt Hougan, who predicted the explosive H2 2025 for the Ethereum ETF.
Meanwhile, the on-chain foundation remains strong, with applications installed on Ethereum generating more than $26 billion in user payment fees since its inception, MEXC research added.
“… At this milestone, tethers, uniswap and circles are all testament to the real-world utility and revenue-generating power of platforms where tethers, uniswap and circles all play a major role. In particular, for the staking security and performance of ETH networks, improvements in staking security and performance of ETH networks have enhanced staking security and performance of ETH networks.
Clarity of regulations is another tailwind, with recent movements on genius beneficial to Ethereum because of its “role in supporting the stablecoin infrastructure.”
With improved risk appeal and geopolitical risks stabilising, ETH appears to be well positioned for further benefits over the coming weeks.
Ethereum (ETH) price performance. Source: Beincrypto
At the time of writing, Ethereum was trading at $2,565, an increase of 2.27% over the past 24 hours. This represents a surge of over 20% as it bottomed at $2,111 on June 22nd.
