{"id":113218,"date":"2021-02-17T15:34:18","date_gmt":"2021-02-17T15:34:18","guid":{"rendered":"https:\/\/precoinnews.com\/?p=113218"},"modified":"2021-02-17T15:34:18","modified_gmt":"2021-02-17T15:34:18","slug":"ethereum-attracts-record-216-million-weekly-crypto-inflows","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ethereum-attracts-record-216-million-weekly-crypto-inflows\/","title":{"rendered":"Ethereum Attracts Record $216 Million Weekly Crypto Inflows"},"content":{"rendered":"<p>Ethereum, the world\u2019s second-largest cryptocurrency, attracted a record $216 million in ETH-related investment products last week, beating the previous week&#8217;s record of $195 million. The total cryptocurrency assets under management stood at around $47 billion last week.<\/p>\n<p>According to the latest weekly crypto inflows report published by CoinShares, last week saw a total of $602 million investment in digital assets, the third-largest inflows on record. Ethereum remained the standout performer as the world\u2019s second-largest cryptocurrency, accounting for nearly 36% of the total weekly inflows.<\/p>\n<p>Bitcoin, the most valuable cryptocurrency in the world saw weekly inflows of $367 million, a significant jump from the previous figure as institutional demand for BTC increased after Tesla announced a $1.5 billion Bitcoin investment.<\/p>\n<p>\u201cEthereum was the standout performer with a record $216 million of investment product inflows, beating the previous week&#8217;s record of $195 million. Ethereum inflows represented 36% of the digital asset inflows last week, far greater than the share of assets under management at 16%. This highlights how investors are, at least on a relative basis, favoring Ethereum. We have seen minor inflows (2% of total) into multi-digital assets funds and Polkadot in recent weeks, while Bitcoin Cash has seen little interest from investors,\u201d the report states.<\/p>\n<h2>Institutional Accumulation<\/h2>\n<p>Bitcoin crossed $50,000 today after the institutional demand for BTC increased substantially in the last few weeks. The cryptocurrency market crossed the total market capitalization of $1.5 trillion yesterday. Grayscale, the world\u2019s largest crypto asset manager now has $38 billion worth of digital assets under management. Bitcoin remained the top holding asset of Grayscale as the company has more than 653,000 BTC under management with a total value of $31.8 billion. Grayscale accelerated its accumulation of Ethereum in the last few weeks. The asset manager purchased 194,522 ETH in the last 4 weeks. Grayscale now has more than 3.13 million Ethereum under management with a total value of more than $5.5 billion. As of writing, ETH is trading above $1,800 with a total market cap of $207 billion.<\/p>\n<p>Source: <a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/news\/ethereum-attracts-record-216-million-weekly-crypto-inflows\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum, the world\u2019s second-largest cryptocurrency, attracted a<\/p>\n","protected":false},"author":3,"featured_media":113217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Attracts Record $216 Million Weekly Crypto Inflows - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/ethereum-attracts-record-216-million-weekly-crypto-inflows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Attracts Record $216 Million Weekly Crypto Inflows - 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