Ethereum Investment Product’s Market Share Increases to Reach a Record Highs

While Ethereum saw $47 million inflows last week, Bitcoin had yet another week, a hattrick, of outflows. Ether products now have a total of $11.83 billion in AUM compared to Bitcoin’s $30 bln.

Bitcoin struck a hattrick of outflows as the week ending May 31st also recorded another set of outflows focussed on Bitcoin investment products.

However, outflows were minor at just $4 million last week. Over the last three weeks, the total outflows come at $246 million, representing only 0.80% of assets under management (AUM).

Bitcoin (BTC) investment products’ inflows remain positive for this year at $4.4 billion. BTC 4.61% Bitcoin / USD BTCUSD $ 37,358.87
Volume 33.61 b Change $1,722.24 Open $37,358.87 Circulating 18.73 m Market Cap 699.88 b
4 h Yearn Finance TVL and Total Users Hits a New ATH Amidst Weak Price Action 1 d Bitcoin Taproot Upgrade Officially Locked in For November Activation 1 d Cryptocurrency Mining Bill Dies Down After New York Union 'Opposes'

Investors actually took the opportunity to buy the dips with net inflows into investment products of $74 million last week, following the record outflow for the two consecutive weeks that totaled $151 million, representing 0.34% of assets under management.

And Ethereum received the most of it with its inflows totaling $47 million last week.

This had Ethereum investment product’s market share increasing to reach a record high of 27%, as per CoinShares report.

Altcoins remain particularly popular, especially proof-of-stake coins. Cardano (ADA), Polkadot (DOT), and Ripple (XRP) recorded inflows of $5.2 million, $3.8 million, and $4.5 million respectively. ADA 1.14% Cardano / USD ADAUSD $ 1.48
Volume 2.31 b Change $0.02 Open $1.48 Circulating 31.95 b Market Cap 47.35 b
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DOT 1.55% Polkadot / USD DOTUSD $ 21.25
Volume 1.02 b Change $0.33 Open $21.25 Circulating 951.91 m Market Cap 20.23 b
2 d Karura Network Raises $100M in Push for A Slot in Kusama Parachain Auction 5 d Polkadot Ecosystem Hits a Milestone as Kusama’s First Functional Parachain Goes Live 1 w ETH 2.0 is Already the Largest Proof of Stake Network and Vitalik isn’t Concerned About Competitors
XRP 2.25% XRP / USD XRPUSD $ 0.86
Volume 2.7 b Change $0.02 Open $0.86 Circulating 46.19 b Market Cap 39.63 b
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When it comes to digital asset managers, the largest Grayscale Investments and Bitwise didn’t have any inflows last week, but while Grayscale managed to see some, $0.5 million, in the entire last month, Bitwise didn't see any.

Last week, 21Shares had the largest inflows of $34.8 million, followed by $30.6 million by Purpose, which launched the first Bitcoin ETF in North America and its Ether ETF trading at the Toronto Stock Exchange.

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