Institutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares. Inflows into Ethereum products appears to be ramping up as investors devote greater attention and resources to the smart-contract platform. Month-to-date inflows for ETH products totaled $170 million, bringing the yearly total to $824 million. Managers now hold a combined $13.9 billion worth of ETH. The weekly inflows report showed strong growth across most digital assets, with the exception of Bitcoin Cash (BCH), where inflows fell by $1.7 million. Weekly inflows across all assets reached $489 …

The massive growth of Ethereum’s futures and options arena is reportedly pointing toward significant institutional involvement in the second-largest cryptocurrency by market capitalization. According to a recent report by crypto investment advisory firm Two Prime Digital Assets, the 80-fold growth in Ether (ETH) options open interest goes beyond mere retail speculation. As part of its report, the firm argued: “Institutional money managers have moved in to start hedging net long portfolios against outsized volatility events.” The same exponential growth can also be seen in the ETH futures market. Indeed, data from crypto aggregator Bybt shows the open interest in ETH …

Canada-based investment fund manager 3iQ’s Bitcoin exchange-traded fund created in partnership with Coinshares is now available for trading. In an announcement from 3iQ today, trading for the 3iQ Coinshares Bitcoin exchange-traded fund, or ETF, began on the Toronto Stock Exchange today. The fund’s units are trading in U.S. dollars under the ticker “BTCQ.U” and Canadian dollars under the ticker “BTCQ.” Trading opened at $11.89 for BTCQ before dipping to $11.51 and recovering, while units of the Bitcoin ETF in U.S. dollars opened at $9.39 and have since risen 0.4% at the time of publication. The investment fund manager said the …

According to digital asset investment manager CoinShares, the first quarter of 2021 hit a new record for institutional crypto product inflows. As reported in CoinShares’ Tuesday “Digital Asset Fund Flows Weekly” bulletin, Q1 of this year hit a new record with $4.5 billion in inflows compared with $3.9 billion in the final quarter of 2020. It added that inflows for the past week recorded, which ended on Friday, totaled $106 million, helping push the total for the three-month period 11% higher than the previous quarter. The inflow was down on previous weeks, however, as the week ending March 12 recorded …

European digital asset manager CoinShares continues to actively expand its physically backed cryptocurrency exchange-traded product offering with a new Litecoin (LTC) ETP. According to an announcement on Tuesday, CoinShares has launched its CoinShares Physical Litecoin. Listed under the ticker symbol LITE, each unit of the Litecoin ETP is backed with 0.2 LTC ($45) at launch, providing investors with passive exposure to the Litecoin network’s native asset. The new investment product will be initially listed on Switzerland’s regulated crypto exchange SIX Swiss Exchange with a base fee of 1.50%, CoinShares said. LITE is now listed on Bloomberg, with an opening price …

Capital flows into cryptocurrency investment products rose again last week, though the pace of growth has slowed since the start of the year, possibly marking a local top in institutional demand. Net inflows totaled $21 million for the week ending March 27, according to CoinShares, a European digital asset manager. That was the lowest level since October 2020 when Bitcoin (BTC) was trading sub-$14,000. Coupled with low investment volumes, investor appetite for crypto assets appears to have waned. The decline coincided with the lackluster price performance of major assets like Bitcoin and Ether (ETH), which have been unable to test …

Cryptocurrency assets held by institutional investment managers topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions. For the week ended March 19, digital asset manager CoinShares revealed that net inflows into digital asset investment products rose by $99 million. Contributing to that increase, Grayscale generated $9.1 million of inflows, bringing its year-to-date total to $2.373 billion. Grayscale is by far the world’s largest digital asset manager, with $44.2 billion in assets under management as of Monday. Flows into CoinShares itself, however, declined by $25.9 million from the previous …

According to digital asset investment manager CoinShares, institutional demand in the United States has declined slightly, while European funds are still buying. According to Coinshares’ Monday "Fund Flows Weekly" report, combined flows into institutional crypto products totaled $99 million for the week ending March 20. The data indicates a significant decline in institutional demand, with inflows down 59% from the previous week, which recorded $242 million. However, the researchers noted that the assets under management figure for the top institutional investment products reached a record high of $57 billion. The report added that while demand has declined in the U.S., …

According to digital asset investment manager, CoinShares, institutional-grade crypto asset investment products inflows have already reached record levels so far in 2021. According to Coinshares’ March 15 Fund Flows Weekly report first quarter inflows into cryptocurrency funds are up 7.7% and already total $4.2 billion, smashing the quarterly record of $3.9 billion set in Q4 2020. There are now five digital asset investment providers with over a billion dollars in assets under management, or AUM: Grayscale, CoinShares, 3iQ, ETC Issuance, and 21Shares. The newly launched Purpose Bitcoin fund is in sixth place with $517 million in AUM according to the …

The Massachusetts Institute of Technology’s Digital Currency Initiative has revealed a new “Bitcoin Software and Security Effort” intended to foster research into bolstering the Bitcoin network’s defenses. The open-source initiative has received support from a diverse group of crypto industry leaders, including Gemini’s Cameron and Tyler Winklevoss, MicroStrategy’s CEO Michael Saylor, Square CEO Jack Dorsey, and major European digital asset manager, CoinShares. In a blog post unveiling the project, DCI said that Bitcoin’s ascent from an “obscure cryptographic toy” to a robust network that “secures on the order of $1 [trillion] of value” was due to the millions of hours …

Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP. Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. Announcing the news Wednesday, CoinShares said that each unit of ETHE is backed with 0.03 ETH at launch. The news comes shortly after CoinShares launched its first physically backed Bitcoin (BTC) ETP, CoinShares Physical Bitcoin (BITC), in January. Similar to BITC, the new ETH ETP will be initially listed on SIX Swiss Exchange. The new product intends to provide investors …

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, remains the most preferred digital currency for investors, according to a new report. Bitcoin inflows accounted for 97% of total crypto inflows so far in 2021, according to a Jan. 25 report by digital asset investing company CoinShares. Bitcoin comprises 83% of digital asset investment products under management, while BTC investment products represent just 6.5% of total Bitcoin trading turnover. Amid a major cryptocurrency bull run in January, daily BTC trading volumes have massively surged so far this year, increasing from an average of $2.2 billion in 2020 to $12.3 billion …