New data from crypto asset manager CoinShares reveals that Ethereum (ETH) is commanding the majority of institutional attention as digital assets see nearly $4 billion in weekly inflows.
In its weekly research blog, CoinShares says that crypto assets saw $3.76 billion worth of inflows last week, and Ethereum itself made up a staggering 77% of that, coming in at $2.87 billion worth of inflows.
“Digital asset investment products saw $3.75 billion inflows, the fourth-largest on record, driving AuM (assets under management) to an all-time high of $244 billion.
Ethereum led with $2.87 billion inflows (77% of total), pushing YTD (year-to-date) inflows to a record $11 billion, far surpassing Bitcoin on a proportional basis. Solana and XRP saw inflows of $176.5 million and $125.9 million, respectively.
Conversely, Litecoin (LTC) and Ton (TON) saw outflows of $0.4 million and $1 million, respectively.”
CoinShares goes on to note that one specific exchange-traded fund (ETF) – BlackRock’s iShares Ethereum Trust (ETHA) – was doing particularly well, while the flagship digital asset posted modest numbers in terms of inflows.
“Unusually, almost all inflows were concentrated in a single provider, iShares, and one specific investment product… Inflows far outstrip Bitcoin, with YTD inflows representing 29% of AuM compared to Bitcoin’s 11.6%. Bitcoin saw modest inflows in comparison, totaling $552 million.”
Ethereum is trading for $4,323 at time of writing, a 5% decrease on the day, while Bitcoin (BTC) and ETHA are valued at $115,851 and $32.84, respectively.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
