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.
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