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BTC$29 934.82

1.78%

Ethereum
ETH$2 007.56

1.61%

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USDT$0.998816

0%

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Binance Coin
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Institutional investors load up ETH, with its share of AUM hitting a new record


02 Jun 2021

#Ethereum

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.


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# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 62% 84 $29 934.82 1.78% -0.24% $570 155 412 455 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 57.6% 88 $2 007.56 1.61% -2.93% $242 675 827 692 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.998816 0% 0% $73 188 354 064 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000095 -0.01% -0.04% $53 079 922 596 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 57.6% 88 $317.29 1.95% 5.85% $51 806 482 641 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 57.6% 89 $0.417370 0.55% -1.80% $20 176 973 309 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000299 -0.07% -0.21% $18 523 259 070 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 56.8% 91 $0.534723 0.58% -3.52% $18 041 039 601 ADA 7 days price change
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12 Avalanche (AVAX) AVAX Avalanche predictions 55.6% 90 $31.30 4.63% -10.31% $8 424 224 555 AVAX 7 days price change
13 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 60.4% 84 $29 951.16 1.77% -0.33% $8 284 578 704 WBTC 7 days price change
14 TRON (TRX) TRX TRON predictions 72.8% 53 $0.076605 3.56% 11.72% $7 411 701 223 TRX 7 days price change
15 Dai (DAI) DAI Dai predictions 93.2% 1 $1.000651 -0.01% 0.09% $6 532 948 110 DAI 7 days price change

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