Institutional investors increase their holdings of ETH, and their AUM share sets a new record

Institutional demand for Ethereum continues to surge, and Ethereum products now account for more than a quarter of the assets under management (AUM) of crypto investment products.

According to CoinShares on June 1st Digital Asset Fund Weekly Report The report said that as investors tried to take advantage of the losses caused by the financial crisis, there was a massive inflow of US$74 million in institutional funds in the past week. Recent crash Many of these crypto assets have lost more than 50% of their value.

More than 63% of institutional funds flowed into ether products, accounting for US$46.8 million of the total. Ether products now account for 27% of the total asset management scale of crypto investment products-the highest share to date.

Products offering multiple exposures to crypto assets (US$11.1 million) and funds targeting Cardano (US$5.2 million), XRP (US$4.5 million) and Polkadot (US$3.8 million) have also seen substantial capital inflows.

The outflow of Bitcoin products has slowed, and approximately $4 million of capital has exited the market-less than $110.9 million from last week Is flowing out. In the past three weeks, 246 million US dollars have withdrawn from BTC investment products.

Although Bitcoin’s 30-day inflow is currently US$47.9 million, roughly equivalent to one-third of Ethereum’s US$147.7 million, Bitcoin still dominates with nearly US$4.4 billion in inflows so far this year, while Ethereum is 973 million US dollars.

However, the recent momentum of Ether has caused people to speculate on whether Ethereum is ready for new speculation. flip Bitcoin, Ethereum currently beat the cryptocurrency’s honey badger in terms of transaction volume, transaction volume and fees, and Trade volume.

According to CoinGecko’s data, Ether is currently the second-largest crypto asset in trading volume, with a daily trading volume of US$38.8 billion, second only to Tether’s US$103 billion. In the past 24 hours, BTC worth approximately $32.9 changed hands.