Institutional managers hold a record $13.9B worth of Ethereum
Weekly inflows into Ethereum investment products continue to grow, according to the latest CoinShares report. Institutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares.
Inflows into Ethereum products appears to be ramping up as investors devote greater attention and resources to the smart-contract platform. Month-to-date inflows for ETH products totaled $170 million, bringing the yearly total to $824 million. Managers now hold a combined $13.9 billion worth of ETH.
The weekly inflows report showed strong growth across most digital assets, with the exception of Bitcoin Cash (BCH), where inflows fell by $1.7 million. Weekly inflows across all assets reached $489 million, with Bitcoin (BTC) accounting for the largest amount at $441.7 million. Total assets under management devoted to crypto are now $64.7 billion, a gain of roughly $7 billion over the past six weeks.
“The high inflows conceal varied flows amongst providers, with many seeing outflows in Europe while their North American peers saw strong inflows,” CoinShares explained. In particular, weekly inflows flat-lined for Grayscale, declined by $46 million for CoinShares and spiked $554.1 million for 3iQ, which manages Canada’s first Bitcoin exchange-traded fund.
Ethereum led crypto to new heights this week, with the market capitalization of all assets reaching $2.398 billion, according to Coingecko. That exceeds the previous April 16 peak of $2.343 billion. ETH price has charted remarkable growth over the past week, clocking in at a new record high above $3,500. The second-largest cryptocurrency seems to be holding up well amid the latest correction that saw Bitcoin fall 6% and the overall market shed about $150 billion from the recent high.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 94.4% | 4 | $26 275.38 | 0.21% | -1.57% | $512 264 229 303 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 93.6% | 6 | $1 587.57 | 0.57% | -2.66% | $190 876 036 699 |  |
|
| 3 |  USDT |
Tether predictions | 93.6% | 1 | $0.999885 | -0.02% | -0.07% | $83 198 315 990 |  |
|
| 4 |  BNB |
Binance Coin predictions | 93.6% | 4 | $210.08 | 0.83% | -2.71% | $32 320 352 678 |  |
|
| 5 |  XRP |
XRP predictions | 89.2% | 8 | $0.502599 | 0.41% | -0.08% | $26 761 004 233 |  |
|
| 6 |  USDC |
USD Coin predictions | 91.6% | 1 | $1.000132 | 0% | -0.03% | $25 663 543 950 |  |
|
| 7 |  STETH |
Lido stETH predictions | 95.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  ADA |
Cardano predictions | 90.4% | 7 | $0.246432 | 1.19% | -2.10% | $8 655 293 025 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 89.6% | 6 | $0.060907 | 0.18% | -1.83% | $8 597 490 194 |  |
|
| 10 |  WTRX |
Wrapped TRON predictions | 86.4% | 17 | $0.083230 | -0.20% | 0.26% | $8 462 475 836 |  |
|
| 11 |  SOL |
Solana predictions | 85.2% | 23 | $19.34 | -0.10% | -1.80% | $7 981 923 575 |  |
|
| 12 |  TRX |
TRON predictions | 88% | 20 | $0.084366 | 0.89% | 0.58% | $7 518 294 306 |  |
|
| 13 |  TON |
Toncoin predictions | 60% | 80 | $2.15 | -1.96% | -10.71% | $7 370 150 744 |  |
|
| 14 |  DAI |
Dai predictions | 93.2% | 1 | $0.999781 | -0.07% | 0.01% | $5 346 718 270 |  |
|
| 15 |  DOT |
Polkadot predictions | 82.4% | 23 | $4.07 | 1.80% | -0.55% | $5 255 365 325 |  |
