#ETHInstitutionalFlows
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Ethereum absorbs record institutional inflows as digital assets under management surpass $244 billion.
This week was perceived as a turning point for institutional adoption of cryptocurrencies.
According to the latest weekly report from CoinShares, digital asset investment products recorded a massive inflow of $3.75 billion.
This is the fourth largest weekly total recorded, pushing assets under management to a record high of $244 billion.
The highlight was the concentration of purchases: Ethereum alone attracted approximately $2.87 billion, representing about 77% of the week's inflows.