$3.75 billion raised in a single week! Ethereum accounts for $2.87 billion in institutional funds, with $38 billion in open futures contracts warning of fluctuation risks.

CoinShares' latest fund flow report shows that digital asset investment products recorded a net inflow of $3.75 billion last week, with assets under management rising to $244 billion. The U.S. market contributed $3.73 billion, while Ethereum alone attracted $2.87 billion in institutional funds, with 16 companies reporting holdings valued at $11 billion in ETH Spot.

Institutional funds surged to a record high in a single week Last week, digital asset investment products achieved a net inflow of $3.75 billion, driving the total assets under management in the industry to reach $244 billion on August 13. According to CoinShares data, this inflow size set a recent weekly record, and although asset prices rose, the main driving factor was the injection of funds through the fund channel rather than a retail buying spree.

Single product leads to huge capital inflow The capital flow is characterized by a high degree of centralization. Data shows that nearly all funds are injected through a single supplier, with the US market contributing 99.5% of the global flow at $3.73 billion. Canada ($33.7 million), Hong Kong (nearly $21 million), and Australia ($12 million) have net inflows, but the scale is limited. Brazil ($10.6 million) and Sweden ($50 million) have seen capital outflows.

(Source: CoinShares)

Market participants pointed out that most of the funds are concentrated in BlackRock's iShares series products, which explains why the relatively narrow flow of funds can significantly leverage the overall asset management scale.

Ethereum institutional allocation ratio breaks historical record Ethereum emerged as the biggest winner, attracting $2.87 billion in a single week, accounting for 77% of total inflows. Its net inflow year-to-date has reached $11 billion, rising to 30% of the overall asset management scale (compared to Bitcoin's 11.6%). Bitcoin recorded an inflow of $552 million during the same period.

In the alternative cryptocurrencies, Solana ($176.5 million) and XRP ($126 million) performed well, while Litecoin ($4 million) and Ton ($1 million) saw minor outflows. The data clearly shows that institutional funds significantly tilted towards the Ethereum ecosystem this week.

(Source: CoinShares)

Corporate holdings lock in 10 billion USD in circulation CryptoQuant report discloses that more than 16 listed companies have incorporated Ethereum into their balance sheets, holding a total of 2.45 million ETH (approximately $11 billion). These assets are locked in treasury or cold wallets, effectively exiting the circulation.

It should be noted that the supply mechanism of Ethereum differs from the fixed total supply of Bitcoin: last year, approximately 1 million ETH were newly added to the network, and the supply dynamics change with the intensity of network activity.

Futures Market Warning Price Volatility Risk The current open interest in futures is approaching 38 billion USD, and the large position size means that closing operations could trigger severe price fluctuations. Historical experience shows that the concentration of large positions has a huge energy to drive prices in both directions with sudden changes in futures positions.

The essence of this market trend is still driven by capital flow rather than a nationwide participation frenzy. If similar products continue to receive large injections, it will continue to exert upward pressure on prices. However, caution is needed regarding the thin liquidity and the potential for rapid long-short conversions due to large positions. It is recommended that investors closely monitor weekly fund flows, futures open interest, and large on-chain movement data to assess whether the trend will spread beyond large buyer groups.

Conclusion

The trend of institutional funds concentrating on Ethereum through compliant products has already taken shape, with the $11 billion ETH holdings disclosed in corporate financial reports serving as a dual validation alongside the $2.87 billion capital inflow in a single week. Investors need to pay attention to the volatility risk brought about by the $38 billion in outstanding futures contracts, as the current market is still dominated by institutional funds, and retail participation has not yet been fully activated.