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 | 77.2% | 36 | $63 695.19 | 2.82% | -1.11% | $1 258 886 036 021 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 79.6% | 42 | $2 490.20 | 3.09% | -5.37% | $299 768 639 188 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $0.999956 | 0.01% | -0.03% | $119 672 108 517 |  |
|
| 4 |  BNB |
Binance Coin predictions | 74.8% | 42 | $576.62 | 2.52% | -0.86% | $84 147 001 130 |  |
|
| 5 |  SOL |
Solana predictions | 72.4% | 50 | $149.24 | 4.35% | -4.81% | $70 016 302 319 |  |
|
| 6 |  USDC |
USD Coin predictions | 93.6% | 1 | $1.000073 | 0.01% | -0.01% | $35 552 901 177 |  |
|
| 7 |  XRP |
XRP predictions | 73.6% | 44 | $0.542179 | 2.14% | -15.98% | $30 667 831 082 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 82% | 34 | $0.114329 | 5.35% | -6.62% | $16 722 194 573 |  |
|
| 9 |  TON |
Toncoin predictions | 79.6% | 31 | $5.35 | 3.07% | -7.82% | $13 576 178 433 |  |
|
| 10 |  TRX |
TRON predictions | 91.2% | 1 | $0.154459 | 0.75% | -0.38% | $13 373 452 976 |  |
|
| 11 |  ADA |
Cardano predictions | 78.8% | 40 | $0.363459 | 3.98% | -6.77% | $12 706 925 740 |  |
|
| 12 |  AVAX |
Avalanche predictions | 69.6% | 63 | $27.49 | 5.80% | -3.86% | $11 173 802 384 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 54% | 94 | $0.000019 | 7.36% | -0.85% | $10 924 438 804 |  |
|
| 14 |  STETH |
Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 94.4% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
