Ethereum funds fall $81.6M despite $737M Friday inflow
Ethereum funds posted $81.6 million in outflows last week, ending a three‑week inflow run, after a $737 million single‑day Friday inflow reversed midweek losses.
CoinShares reported that Ethereum funds recorded $81.6 million in net outflows last week, ending a three‑week inflow streak that had averaged above $190 million. Total digital asset funds attracted $117.8 million for the week, with combined assets under management near $155 billion.
The weekly totals hid a sharp intraweek swing. Products lost $619 million from Monday through Thursday before a single Friday session brought in $737 million and flipped weekly flows into positive territory. The CoinShares report noted, “The Friday figure ranks among the largest single-day inflows of 2026, likely reflecting a sharp improvement in risk appetite.”
Ethereum funds were an exception to the late‑week recovery, posting the $81.6 million outflow and narrowing participation across digital asset products. Only four cryptocurrencies drew positive flows last week, down from nine the week before. Bitcoin funds absorbed $192.1 million, lifting year‑to‑date inflows for Bitcoin funds to about $4.2 billion. Short‑bitcoin products added $6 million.
Data from SoSoValue for May 4 showed US spot Bitcoin ETFs took in $532 million in a single session, while ether ETFs added $61.3 million on that day. Those ETF inflows at the asset level contrasted with CoinShares’ weekly tally for Ethereum funds.
Regionally, net flows shifted away from the United States. The US accounted for $47.5 million of net inflows after contributing $1.1 billion the prior week. Germany led jurisdictional inflows with $43.8 million and Canada added $16 million.
Institutional developments were cited alongside the flows. Fundstrat’s Tom Lee described the current setup as the start of a “Crypto Spring,” citing legislative progress on the CLARITY Act and potential tailwinds for ether from tokenization and artificial intelligence. Market participants also noted that JPMorgan Chase moved to accept both Bitcoin and ether as collateral for institutional loans, including mortgages. Crypto analytics platform Cookie DAO posted “We’re so back!” on X and flagged Bitcoin and ether as the week’s largest mindshare gainers.
CoinShares and other market observers wrote that the coming week would be important for assessing whether the late‑week inflow reflects a sustained institutional bid or a concentrated retail response. The report said another large single‑day inflow similar to Friday’s would strengthen the view that larger investors are driving demand, while continued outflows in specific products, such as Ethereum funds, would remain under observation.
