{"id":252266,"date":"2021-05-18T07:48:01","date_gmt":"2021-05-18T04:48:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/institutions-dump-btc-as-volume-soars-for-ether-funds\/"},"modified":"2021-05-18T07:48:01","modified_gmt":"2021-05-18T04:48:01","slug":"institutions-dump-btc-as-volume-soars-for-ether-funds","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/institutions-dump-btc-as-volume-soars-for-ether-funds\/","title":{"rendered":"# Institutions dump BTC as volume soars for Ether funds"},"content":{"rendered":"<p>&#8220;<strong># Institutions dump BTC as volume soars for Ether funds <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvN2NlZTVmNGQtMTU1MC00NTI2LWIyOGQtNmFhMzg0Y2EyNzU1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>CoinShares\u2019 weekly <em>Digital Asset Fund Flows <\/em>report has revealed last week saw the largest Bitcoin in the report\u2019s history as Elon Musk\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account again wreaked havoc in the crypto markets.<\/p>\n<p>The May 17 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinshares.com\/research\/digital-asset-fund-flows\">report<\/a> notes $98 million exited Bitcoin investment products last week, equating to 0.2% of total assets under management, or AUM. \u201cWhile small, this marks the largest outflow we have recorded,\u201d CoinShares noted.<\/p>\n<p>Amid the tumultuous market conditions for Bitcoin, institutional investors <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to have ramped up their accumulation of Ether and other alternative cryptocurrencies, with the report identifying inflows to crypto asset investment products of $48 million when excluding Bitcoin. <\/p>\n<p>Ethereum represented more than half of flows to altcoin investment products with $27 million. Cardano and Polkadot also saw increased inflows of $6 million and $3.3 million respectively.<\/p>\n<p>CoinShares also notes that May is shaping up to be the first month in which investment volume for institutional Ether products has outpaced that of Bitcoin products. The report stated:<\/p>\n<blockquote><p>\u201cThe data impl[ies] that investors have been diversifying out of Bitcoin and into altcoin investment products.\u201d<\/p><\/blockquote>\n<p>Digital asset investment products saw a net outflow of $50 million, marking the first week to post a net outflow since October 2020.<\/p>\n<p>The institutional pivot towards Ether and altcoins reflects recent trends in the broader crypto asset ecosystem, with Bitcoin market dominance sinking to a three-year low of roughly 40% as of May 17.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/institutions-dump-btc-as-volume-soars-for-ether-funds\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Institutions dump BTC as volume soars for Ether funds &#8221; CoinShares\u2019 weekly Digital Asset Fund Flows report has revealed last week saw the largest Bitcoin in the report\u2019s history as Elon Musk\u2019s Twitter account again wreaked havoc in the crypto markets. The May 17 report notes $98 million exited Bitcoin investment products last week,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":252267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvN2NlZTVmNGQtMTU1MC00NTI2LWIyOGQtNmFhMzg0Y2EyNzU1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,76377,74863,74891,117],"class_list":["post-252266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-coinshares","tag-cryptocurrencies","tag-ethereum","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/252266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=252266"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/252266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/252267"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=252266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=252266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=252266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}