Bitcoin
BTC$17 101.84

1.27%

Ethereum
ETH$1 282.48

1.20%

Tether
USDT$0.999994

0.01%

Binance Coin
BNB$300.71

0.02%

USD Coin
USDC$1.000052

0%

Binance USD
BUSD$0.999988

0.02%

Institutional managers hold a record $13.9B worth of Ethereum


05 May 2021

#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.


Related

NFT rides shotgun as Red Bull Racing closes out F1 season
NFT rides shotgun as Red Bull Racing closes out F1 season
Ether staking withdrawal schedule removal faces harsh criticism
Ether staking withdrawal schedule removal faces harsh criticism
NFTs are the key to turning passive fandom into an active community
NFTs are the key to turning passive fandom into an active community
Bored Apes founders propose new model for NFT creator royalties
Bored Apes founders propose new model for NFT creator royalties
Bitcoin and Ethereum: The Price of Bitcoin Struggles
Bitcoin and Ethereum: The Price of Bitcoin Struggles
Ethereum is trading near $1300
Ethereum is trading near $1300
Cryptocurrencies need a driver
Cryptocurrencies need a driver
Ethereum is gaining 3.5% overnight to $1330
Ethereum is gaining 3.5% overnight to $1330
ETH After the Merge: Fall Instead of Growth
ETH After the Merge: Fall Instead of Growth

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 66.4% 75 $17 101.84 1.27% 3.22% $328 724 568 377 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 73 $1 282.48 1.20% 7.27% $156 941 554 038 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $0.999994 0.01% 0.06% $65 362 262 254 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 67.6% 64 $300.71 0.02% 1.05% $48 104 579 847 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $1.000052 0% -0.02% $43 253 658 738 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 90.8% 1 $0.999988 0.02% -0.05% $22 215 099 814 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 71.2% 57 $0.400600 -0.02% 5.84% $20 146 176 780 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 57.6% 87 $0.103941 -1.14% 28.28% $13 789 995 776 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 64.8% 74 $0.317564 0.81% 1.23% $10 939 028 805 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 90.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 68.4% 71 $0.922059 5.79% 8.50% $8 053 552 200 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 67.2% 66 $5.39 -0.32% -0.04% $6 174 239 885 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 93.6% 1 $0.999969 -0.03% -0.02% $5 653 257 262 DAI 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 66.4% 63 $0.054684 1.55% 5.62% $5 560 018 768 WTRX 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 64.4% 78 $77.31 -1.46% -0.52% $5 545 390 448 LTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.