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ETH Represented 80 of Last Weeks Institutional Inflows

Crypto asset manager CoinShares has reported that investment inflows into institutional cryptocurrency funds surged last week, and the majority of it was Ethereum. The report states that of the 245 million crypto inflow last week, 80 of it or 195 million was invested into Ether products ahead of the launch of the Chicago Mercantile Exchange Ethereum futures contracts on Feb. 8. Comparatively, Bitcoin had 41.9 million of the weekly flows, with a yeartodate total of 2.02 billion. The report suggested that investor diversification was starting to occur, adding that there was little evidence of taking profits with investors preferring to buy and hold.

The report stated that investment product trading volumes remain high, averaging 670 million per day last week representing 5.4 of total Bitcoin trading volumes. Grayscale remains the largest institutional crypto asset fund with a record 33.4 billion in assets under management AUM as of Feb. 8. Grayscales Ethereum Trust has been growing in terms of the total share of the AUM figure and has now reached over 5 billion which equates to over 15. The Bitcoin Trust still contains the lions share of all investments, however, with 82 of the total.

CoinShares reports that 21Shares is the secondlargest institutional fund by weekly inflows with almost 21 million, followed by WisdomTree with 11.5 million. Many pundits expected the launch of CMEs Ether futures would be followed by a sharp crash to repeat the collapse in prices that…

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