Institutional investors load up ETH, with its share of AUM hitting a new record
Institutional investors continue to exit BTC in favor of ETH, with Ether investment products now representing more than one-quarter of institutional crypto AUM. Institutional demand for Ethereum continues to surge, with Ether products now representing more than one quarter of the assets under management (AUM) of crypto investment products.
According to CoinShares’ June 1 Digital Asset Fund Flows Weekly report, the past week saw significant institutional inflows of $74 million as investors sought to capitalize on the fall out from the recent crash in which many crypto assets lost more than 50% of their value.
More than 63% of institutional inflows were injected into Ether products, or $46.8 million of the total. Ether products now represent 27% of the combined AUM for crypto investment products — the highest share yet. Significant inflows were also made to products offering exposure to multiple crypto assets ($11.1 million) as well as funds targeting Cardano ($5.2 million), XRP ($4.5 million), and Polkadot ($3.8 million).
Outflows from Bitcoin products have slowed, with roughly $4 million in capital exiting the markets — down from last week’s $110.9 million in outflows. Over the past three weeks, $246 million has exited BTC investment products. Despite Bitcoin’s 30-day inflows of $47.9 million currently equating to roughly one-third of Ether’s $147.7 million, Bitcoin still dominates year-to-date inflows with nearly $4.4 billion compared to Ether’s $973 million.
However, Ether’s recent momentum has given rise to renewed speculation as to whether Ethereum is gearing up to flip Bitcoin, with Ethereum currently beating out crypto’s honeybadger by transaction count, volume, and fees, and trade volume.
According to CoinGecko, Ether is currently the second-most traded crypto asset with $38.8 billion in daily volume, ranking behind only Tether’s $103 billion. Roughly $32.9 worth of BTC changed hands over the past 24 hours.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 87.6% | 16 | $41 764.91 | 5.09% | 13.02% | $816 958 395 709 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 85.2% | 27 | $2 240.87 | 3.51% | 10.77% | $269 426 417 504 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000313 | 0.07% | -0.01% | $89 675 673 586 |  |
|
| 4 |  BNB |
Binance Coin predictions | 80.8% | 26 | $229.17 | 0.60% | 1.05% | $34 763 991 649 |  |
|
| 5 |  XRP |
XRP predictions | 84.4% | 30 | $0.619766 | -0.92% | 2.75% | $33 398 300 450 |  |
|
| 6 |  SOL |
Solana predictions | 64.8% | 67 | $60.67 | -4.53% | 10.73% | $25 742 190 451 |  |
|
| 7 |  USDC |
USD Coin predictions | 96% | 1 | $1.000035 | 0.07% | 0% | $24 494 870 773 |  |
|
| 8 |  ADA |
Cardano predictions | 84.4% | 28 | $0.403625 | 2.85% | 6.39% | $14 252 090 575 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 77.6% | 39 | $0.087436 | 3.51% | 10.95% | $12 424 241 380 |  |
|
| 10 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  WTRX |
Wrapped TRON predictions | 86% | 21 | $0.103747 | 0.72% | -0.49% | $9 183 042 426 |  |
|
| 12 |  TRX |
TRON predictions | 84.4% | 19 | $0.103194 | 0.17% | -1.13% | $9 134 153 771 |  |
|
| 13 |  LINK |
Chainlink predictions | 76.4% | 43 | $15.69 | -1.55% | 10.01% | $8 738 451 664 |  |
|
| 14 |  TON |
Toncoin predictions | 88% | 22 | $2.38 | -1.53% | -0.88% | $8 172 177 871 |  |
|
| 15 |  AVAX |
Avalanche predictions | 58.4% | 87 | $21.69 | -1.13% | 5.69% | $7 920 434 235 |  |
