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 | 78.8% | 36 | $63 566.44 | 2.55% | -1.17% | $1 256 344 287 528 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76% | 42 | $2 483.51 | 2.57% | -6.01% | $298 962 220 154 |  |
|
| 3 |  USDT |
Tether predictions | 94.8% | 1 | $0.999974 | -0.01% | 0% | $119 674 244 972 |  |
|
| 4 |  BNB |
Binance Coin predictions | 74.8% | 42 | $576.59 | 2.47% | -0.70% | $84 143 494 662 |  |
|
| 5 |  SOL |
Solana predictions | 72% | 50 | $148.58 | 3.74% | -5.10% | $69 724 495 165 |  |
|
| 6 |  USDC |
USD Coin predictions | 92.8% | 1 | $1.000087 | 0% | 0.02% | $35 507 245 457 |  |
|
| 7 |  XRP |
XRP predictions | 73.6% | 44 | $0.540770 | 1.97% | -16.98% | $30 588 126 838 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 80.4% | 34 | $0.113517 | 4.06% | -7.23% | $16 603 607 002 |  |
|
| 9 |  TON |
Toncoin predictions | 84% | 31 | $5.31 | 2.40% | -8.85% | $13 475 451 500 |  |
|
| 10 |  TRX |
TRON predictions | 92.8% | 1 | $0.155007 | 0.78% | -0.23% | $13 420 870 780 |  |
|
| 11 |  ADA |
Cardano predictions | 80.8% | 40 | $0.362844 | 3.72% | -6.66% | $12 685 419 274 |  |
|
| 12 |  AVAX |
Avalanche predictions | 69.6% | 63 | $27.14 | 3.73% | -6.01% | $11 031 610 941 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 55.6% | 94 | $0.000018 | 6.26% | -1.20% | $10 878 943 724 |  |
|
| 14 |  STETH |
Lido stETH predictions | 91.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 92.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
