ETH represented 80% of last week’s institutional crypto inflows
09 Feb 2021 #Ethereum
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 | Volume 24h | |
| 1 |  BTC |
Bitcoin predictions | 89.6% | 18 | $48 084.51 | -1.09% | 4.69% | $904 956 857 058 | $27 961 083 561 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74% | 50 | $3 421.97 | -2.71% | 0.11% | $402 372 528 292 | $14 651 693 364 | |
| 3 |  ADA |
Cardano predictions | 65.2% | 67 | $2.38 | -0.94% | -8.90% | $76 104 680 024 | $1 873 232 040 | |
| 4 |  BNB |
Binance Coin predictions | 65.6% | 70 | $411.53 | -1.39% | -0.75% | $69 192 704 719 | $1 130 545 170 | |
| 5 |  USDT |
Tether predictions | 95.6% | 1 | $0.998306 | -0.16% | -0.24% | $68 176 839 441 | $56 276 623 103 | |
| 6 |  XRP |
XRP predictions | 67.2% | 61 | $1.080662 | -0.51% | -1.43% | $50 382 872 054 | $2 049 227 741 | |
| 7 |  SOL |
Solana predictions | 56.4% | 90 | $161.83 | 2.23% | -9.89% | $48 057 404 496 | $4 399 561 667 | |
| 8 |  DOT |
Polkadot predictions | 60.8% | 81 | $34.04 | -2.22% | 7.04% | $33 616 818 668 | $1 565 978 665 | |
| 9 |  DOGE |
Dogecoin predictions | 66.8% | 75 | $0.240174 | -1.47% | -2.38% | $31 547 290 825 | $853 022 336 | |
| 10 |  USDC |
USD Coin predictions | 90.8% | 1 | $0.998160 | -0.15% | -0.25% | $29 355 863 429 | $1 913 601 923 | |
| 11 |  AVAX |
Avalanche predictions | 67.6% | 69 | $72.99 | 1.73% | 17.93% | $16 079 530 755 | $1 649 638 415 | |
| 12 |  UNI |
UniSwap predictions | 66.8% | 64 | $24.39 | -1.92% | 2.22% | $14 920 531 930 | $258 250 447 | |
| 13 |  LUNA |
Terra predictions | 67.6% | 64 | $36.13 | 1.13% | -13.85% | $14 511 856 283 | $813 065 559 | |
| 14 |  LINK |
Chainlink predictions | 74% | 50 | $28.55 | -2.09% | 2.09% | $12 946 785 264 | $933 348 492 | |
| 15 |  BUSD |
Binance USD predictions | 94.8% | 1 | $0.998089 | -0.17% | -0.25% | $12 789 067 210 | $4 458 804 943 |
