Cryptocurrency investment products saw unprecedented inflows totaling $4.39 billion last week, largely propelled by institutional demand. Ethereum led this surge with record-shattering inflows of $2.12 billion, more than doubling its prior influx and marking the highest weekly inflow for the asset.
Major institutional players Sharplink Gaming and BitMine significantly expanded their exposure, each accumulating Ethereum reserves exceeding $1 billion. This accumulation aligns with heightened market activity, reflected in Ethereum’s price reaching $3,786 during the latest trading session, a 2% increase.
Market dynamics showed further strength as QCP Asia reported Ethereum perpetual contract open interest hitting $28 billion. This signals intense trading volume amid growing institutional participation in derivatives markets.
Despite the bullish momentum, analysts caution the crypto market may be entering a late-cycle phase. They emphasize the critical need for strategic risk management, advising investors to navigate current conditions prudently.