Last week, crypto investment inflows increased sixfold to $3.75B. This new surge brought total assets under management to an all-time high of $244B.
BlackRock's iShares led the inflows. They accounted for more than 86% ($3.2B) of last week's total, thanks to institutional interest in its crypto products.
Ethereum also played a huge role, accounting for 77% of total inflows with a record $2.87B, greatly exceeding Bitcoin's $552M in positive inflows. Ethereum's growing dominance coincides with increased acceptance by institutional investors and growing interest in ETH-based corporate treasuries.
CoinShares' head of research, James Butterfill, noted this was the fourth-largest weekly crypto influx on record and a strong return from weeks of poor sentiment. Harvard University's recent investment in BlackRock's Bitcoin ETF demonstrates the growing faith in institutional cryptocurrency products.
Tokenized assets have also surged, reaching a $270B record, with Ethereum emerging as the dominant platform for these digital assets. Analysts anticipate that Ethereum's price will reach $5,000, approximately 20% higher than current levels, owing to robust inflows and tokenization tendencies.
