Last week’s volatility across crypto and broader markets led to zero net flows in Ethereum investment products, according to Monday data from CoinShares.
That’s the first time since the new U.S.-based ETFs got approval last year that weekly flows based around the second-biggest crypto have evened out to zero.
Ethereum has taken a beating in recent days amid Trump tariff and trade war fears (as have most other crypto assets) and dropped Monday morning Eastern Time to as low as $2,368 at one point.
ETH ($2,881.36)’s price currency stands at $2,740, CoinGecko shows.
CoinShares Head of Research James Butterfill told Decrypt that it was rare for ETH investment products to have net zero flows. And it doesn’t help that “sentiment to Ethereum still seems to be in the doldrums,” he added.
“Ethereum ended the week with a net zero flows but suffered earlier in the week, likely due to its greater exposure to the technology sector and the global growth outlook,” CoinShares wrote in its report, which tracks crypto funds all around the world—not just in the U.S.
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