2021-08-11 19:46:07

Ethereum Market Share of Institutional Investment Products Rapidly Rising: CoinShares

Crypto asset management firm CoinShares says that the market share of Ethereum (ETH) in institutional investment products is growing.

In a new weekly report, CoinShares says that the market share of the leading smart contract platform in investment products has taken a significant leap in the first eight months of this year.


“Ethereum market share is again rapidly rising and now represents 26% of investment products, compared to just 11% at the beginning of 2021.”

In the first week of August, CoinShares says Ethereum recorded institutional inflows amounting to $2.8 million. Year-to-date, it has seen inflows of $957 million. The total amount of Ethereum assets under management now stands at $12.65 billion.

Other crypto assets also saw minor inflows in the first week of August, including Ripple (XRP), Polkadot (DOT), Bitcoin Cash (BCH), Litecoin (LTC) and Cardano (ADA).

Ripple witnessed inflows of $1.1 million while Bitcoin Cash recorded $1 million in inflows in the first week of August. Polkadot, Litecoin, and Cardano all registered inflows of below $1 million during the same period.

In contrast, Bitcoin recorded outflows in the first week of August in spite of its rally above $40,000.

“Despite the positive price movements, Bitcoin continued to bear the brunt of the outflows, totaling US$33m last week.”

Year-to-date, however, Bitcoin has printed higher inflows compared to Ethereum at $4.21 billion.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix 


Check Latest News Headlines

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 loses 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.

Featured Image: Shutterstock/geogif

empty message

empty message

empty message

empty message

empty message