Institutional Investor Demand for Ethereum Continues to Increase = Coin Shares
Institutional demand for Ethereum seems to continue to grow. Ethereum products account for more than a quarter of the assets under management (AUM) of cryptocurrency investment products. Institutional investors are taking advantage of the recent plunge, with $ 74 million in investment over the past week, according to CoinShares’ June 1 weekly report. 63% of institutional inflows, worth $ 46.8 million, went to Ethereum-related products. ETH products currently account for 27% of AUM, a cryptocurrency investment product, which is the highest share ever.