Assets Under Management AUM

Institutional demand for Ethereum rises as AUM hits new record By BTC Peers

Institutional demand for Ethereum rises as AUM hits new high

Amid Bitcoin’s current regulatory hurdles, institutional investors have turned to.

Data from CoinShares’ weekly digital asset fund flow report for June 1 reveals that Ethereum investment products registered institutional inflows of $ 74 million in the past week. As a result, ETH products now represent more than a quarter of institutional crypto assets under management (AUM).

According to the data, a significant percentage of institutional inputs was funneled into Ether products. With over 63% of institutional funds (equivalent to $ 46.8 million) going to Ethereum, ETH products now represent 27% of the combined AUM of crypto investment products.

Outside of Ethereum, other top 10 cryptos have seen significant inflows. ,, and Polkadot each received $ 5.2 million, $ 4.5 million and $ 3.8 million, respectively.

At the same time, product releases appeared to have slowed down. About $ 4 million of capital existed in BTC products. This is a meager amount compared to $ 110.9 million last week and $ 246 million in the past three weeks.

But despite Ethereum’s seemingly impressive performance over the past few weeks, Bitcoin has still dominated since the start of the year. BTC’s institutional inflows are close to $ 4.4 billion, while Ethereum’s currently stands at $ 973 million.

Continue reading on BTC Peers

Warning: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. Therefore, the prices may not be exact and differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

Comment here

placeholder="Your Comment">