ETH represented 80% of last week’s institutional crypto inflows
Crypto asset manager CoinShares has reported that investment inflows into institutional cryptocurrency funds surged last week, and the majority of it was Ethereum. The report 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. 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.
The report stated that investment product trading volumes remain high, averaging $670 million per day last week — representing 5.4% of total Bitcoin trading volumes. Grayscale remains the largest institutional crypto asset fund with a record $33.4 billion in assets under management (AUM) as of Feb. 8. Grayscale’s Ethereum Trust has been growing in terms of the total share of the AUM figure and has now reached over $5 billion which equates to over 15%. The Bitcoin Trust still contains the lion’s share of all investments, however, with 82% of the total.
CoinShares reports that 21Shares is the second-largest institutional fund by weekly inflows with almost $21 million, followed by WisdomTree with $11.5 million. Many pundits expected the launch of CME’s Ether futures would be followed by a sharp crash to repeat the collapse in prices that followed the launch of Bitcoin futures in December 2017. However, Ethereum rallied after contracts launched, posting a new all-time high of $1,780 on Feb. 9. ETH last changed hands for $1,750 at the time of writing.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 83.2% | 27 | $63 961.74 | -0.74% | -5.33% | $1 259 261 581 386 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76.4% | 45 | $3 067.48 | -0.59% | -5.96% | $368 319 141 720 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000182 | -0.02% | 0.01% | $109 489 451 313 |  |
|
| 4 |  BNB |
Binance Coin predictions | 89.2% | 18 | $559.89 | 0.02% | -5.20% | $83 722 315 256 |  |
|
| 5 |  SOL |
Solana predictions | 70.8% | 51 | $143.14 | -2.25% | -4.30% | $63 955 619 087 |  |
|
| 6 |  USDC |
USD Coin predictions | 91.2% | 2 | $1.000076 | -0.01% | 0.01% | $33 906 004 843 |  |
|
| 7 |  XRP |
XRP predictions | 69.2% | 58 | $0.516739 | 3.76% | -4.93% | $28 487 387 596 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 70.8% | 60 | $0.153598 | 1.00% | -10.00% | $22 112 526 038 |  |
|
| 9 |  TON |
Toncoin predictions | 70% | 64 | $6.17 | -11.16% | -6.59% | $21 423 376 919 |  |
|
| 10 |  ADA |
Cardano predictions | 67.2% | 60 | $0.482263 | 1.79% | -4.37% | $17 180 416 294 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 62.8% | 85 | $0.000023 | 1.22% | -5.44% | $13 686 515 624 |  |
|
| 12 |  AVAX |
Avalanche predictions | 69.2% | 60 | $35.54 | 0.19% | -7.03% | $13 434 746 381 |  |
|
| 13 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 83.2% | 31 | $63 943.73 | -1.07% | -5.26% | $9 935 815 882 |  |
|
| 15 |  DOT |
Polkadot predictions | 69.6% | 57 | $6.75 | -1.22% | -6.55% | $9 693 435 741 |  |
