Total inflows so far this year into the space hit $2.4 billion, with crypto assets under management hitting a record of about $37.6 billion. In 2020, total flows reached $6.7 billion.
Ethereum, the second-largest cryptocurrency in terms of market capitalization and volume, garnered $195.1 million of the total weekly flows. Year-to-date flows for the digital asset reached nearly $260 million.
Ethereum’s futures started trading on the CME Sunday evening.
Bitcoin, on the other hand, got $41.9 million of the weekly flows, with a year-to-date total of $2.02 billion. The largest and original cryptocurrency had its lowest inflows since all-time highs seen in early January.
James Butterfill, investment strategist at CoinShares, said despite lower bitcoin inflows, there was “little evidence of taking profits with investors preferring to buy and hold.”