{"id":173805,"date":"2021-02-09T06:16:58","date_gmt":"2021-02-09T03:16:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/eth-represented-80-of-last-weeks-institutional-crypto-inflows\/"},"modified":"2021-02-09T06:16:58","modified_gmt":"2021-02-09T03:16:58","slug":"eth-represented-80-of-last-weeks-institutional-crypto-inflows","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/eth-represented-80-of-last-weeks-institutional-crypto-inflows\/","title":{"rendered":"# ETH represented 80% of last week’s institutional crypto inflows"},"content":{"rendered":"

“# ETH represented 80% of last week’s institutional crypto inflows <\/strong>”
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Crypto asset manager CoinShares has reported that investment inflows into institutional cryptocurrency funds surged last week, and the majority of it was Ethereum.<\/p>\n

The report<\/a> states that of the $245 million crypto inflow last week, 80% of it or $195 million was invested into Ether products ahead of the launch of the Chicago Mercantile Exchange Ethereum futures contracts on Feb. 8.<\/p>\n

Comparatively, Bitcoin had $41.9 million of the weekly flows, with a year-to-date total of $2.02 billion. The report suggested that investor diversification was starting to occur, adding that there was little evidence of taking profits with investors preferring to buy and hold.<\/p>\n

\u201cWe believe investors are looking to diversify and are growing increasingly comfortable with Ethereum fundamentals. Bitcoin had its lowest inflows (US$42m) since the all-time highs were achieved in the week ending 8th January 2021.\u201d<\/p><\/blockquote>\n

Total inflows into digital asset investment products for 2021 so far now totals $2.6 billion \u2014 equating to 39% of the $6.7 billion in institutional capital that was invested in crypto funds during 2020 in just six weeks.<\/p>\n

The report stated that investment product trading volumes remain high, averaging $670 million per day last week \u2014 representing 5.4% of total Bitcoin trading volumes.<\/p>\n

Grayscale remains the largest institutional crypto asset fund with a record $33.4 billion in assets under management (AUM) as of Feb. 8.<\/p>\n

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02\/08\/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.<\/p>\n

Total AUM: $33.4 billion$BTC<\/a> $BCH<\/a> $ETH<\/a> $ETC<\/a> $ZEN<\/a> $LTC<\/a> $XLM<\/a> $ZEC<\/a> pic.twitter.com\/OOjv6jHsUK<\/a><\/p>\n

\u2014 Grayscale (@Grayscale) February 8, 2021<\/a><\/p><\/blockquote>\n