2021-6-3 17:06 |
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 2.09%
Bitcoin / USD
BTCUSD
$ 37,266.83
$778.88
2.09%
Volume 32.95 b
Change $778.88
Open $37,266.83
Circulating 18.73 m
Market Cap 697.83 b
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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 -2.52%
Cardano / USD
ADAUSD
$ 1.72
-$0.04
-2.52%
Volume 3.19 b
Change -$0.04
Open $1.72
Circulating 31.95 b
Market Cap 55.1 b
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DOT 9.18%
Polkadot / USD
DOTUSD
$ 26.06
$2.39
9.18%
Volume 2.86 b
Change $2.39
Open $26.06
Circulating 944.29 m
Market Cap 24.61 b
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XRP 0.54%
XRP / USD
XRPUSD
$ 1.01
$0.01
0.54%
Volume 3.52 b
Change $0.01
Open $1.01
Circulating 46.15 b
Market Cap 46.74 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.
Ethereum/USD ETHUSD 2,678.0339 $68.56 2.56% Volume 27.53 b Change $68.56 Open$2,678.0339 Circulating 116.13 m Market Cap 311.01 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=ETH&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~ETH~USD"); The post Ethereum Investment Product’s Market Share Increases to Reach a Record Highs first appeared on BitcoinExchangeGuide. origin »