Ethereum Gets Bulk of Crypto Flows in Latest Week: CoinShares

Ethereum Gets Bulk of Crypto Flows in Latest Week: CoinShares
A representation of the Ethereum virtual currency standing on the PC motherboard is seen in this illustration picture on Feb. 3, 2018. Dado Ruvic/Reuters
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NEW YORK—Investment inflows into cryptocurrency funds and products amounted to $245 million last week, with 80 percent of the money going into ethereum ahead of the listing of its futures on the Chicago Mercantile Exchange, according to the latest data on Monday from asset manager CoinShares.

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.