Ethereum Smashes $4,300 Barrier as Institutional AUM Hits Record $32.6B – The Smart Money Wakes Up
Wall Street finally got the memo—Ethereum isn’t just for degens anymore. Institutional inflows just catapulted ETH’s asset under management (AUM) to an all-time high, proving even the suits can’t ignore crypto’s second act.
The $32.6 billion milestone comes as ETH breaches $4,300, turning ‘UBS analysts’ cautious optimism’ into full-blown FOMO. Guess those ‘digital gold 2.0’ PowerPoints finally paid off.
Funny how fast ‘too risky’ becomes ‘too big to ignore’ when there’s a comma in the returns. Welcome to the party, guys—try not to wreck the place with your compliance paperwork.
Ethereum Dominates Weekly Flows
According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, ethereum attracted the highest inflows of any asset at $268 million, which lifted year-to-date inflows to a new record of $8.2 billion.
Price appreciation, as it topped $4,300 for the first time since 2021, helped drive assets under management to an all-time high of $32.6 billion, representing an 82% surge compared to the beginning of the year.
After two weeks of declines, Bitcoin recorded $260 million in inflows last week, while short bitcoin products shed $4 million. Altcoins performed well, with Solana gaining $21.8 million, XRP $18.4 million, and Near $10.1 million in inflows. Cardano, Chainlink, and Stellar also pulled in $1.5 million, $0.7 million, and $0.6 million, respectively. Litecoin also recorded a modest $0.1 million in inflows during the same period.
On the other hand, sui emerged as an outlier to the trend with $3 million in outflows over the past week, the same as multi-asset products.
US Leads But Europe Remains Bearish
Breaking down by region, the US and Canada recorded inflows of $608 million and $16.5 million, respectively. Next up were Australia with $7.1 million and Hong Kong with $1.4 million, in inflows.
However, Europe remained bearish, with Germany and Sweden seeing $33.5 million and $16.5 million outflows, respectively. Switzerland managed to buck the trend with $1.1 million in outflows.