As recently <a href="https://coinshares.com/news/coinshares-etps-reach-record-trading-volumes" target="_blank" rel="nofollow noopener">reported</a> by a digital asset investment firm CoinShares, a record trading volume has been witnessed for Ethereum ETF, and has surpassed Bitcoin. The report released on May 19 revealed that the trading volume was $490 million, where the Ethereum investment products accounted for 63% or $312 million.
<h2>CoinShares Report Ethereum ETF Volume Surpasses Bitcoin</h2>
As mentioned in the report, the remaining 37% share that accounts for $179 million represents the investment products cumulative trading volume of Bitcoin, <a href="https://www.cryptoknowmics.com/news/crypto-price-analysis-btc-eth-ada-doge-bnb-ltc-uni-xrp-bch-dot/">Litecoin</a>, and <a href="https://www.cryptoknowmics.com/news/ripples-co-founders-lost-19-27-xrp-fortunes-to-bitgo-amp-binanace/">Ripple</a>.

In addition to this, the market aggregator noted that the record volume surged on a day marked with a highly fluctuating market. 

The company which runs two ETP platforms, XBT Provider and CoinShares Physical adds that for the first time, Bitcoin investment products are registering an outflow of capital contrary to Ethereum. CoinShares says:

“This reflects increased investor interest in a wider range of digital assets beyond just bitcoin, and growing levels of participation in this market.”

Talking about the total assets under management of the company, the platform currently controls $4.26 billion in AUM.

Even before the report from CoinShares was released, it was predicted by the analysts that Ethereum is going to record <a href="https://www.cryptoknowmics.com/news/roi-of-ethereum-to-crush-yearly-return-of-bitcoin-crypto-traders-predict/">more interest</a> specifically from the institutions that are done with Bitcoin.
<h2>Aya Kantorovich Reveals Ideal Infrastructure for Institutional Investors</h2>
The Head of Institutional Coverage at FalconX, a crypto trading platform, Aya Kantorovich said that Ethereum has the best and ideal infrastructure for institutional investors.

The projection followed the record price of $4,358 of Ethereum on May 5, 2021. Aya said:

“They’ve just started understanding: what are the payment rails, the on and off-ramps, the custody solutions, how do we make sure everything is compliant with our trading partners, who are the trading partners. And they just finished that with bitcoin. Now doing that with ethereum is going to be really easy.”

It should be noted that the recent outflows in Bitcoin are correlating with almost <a href="https://www.cryptoknowmics.com/news/as-tesla-suspended-btc-payment-bitcoin-suffer-loss-of-6-in-an-hour/">50% price correction</a> in the asset from the all-time high of the asset that it touched on April 14, $64,800.

Ethereum ETF Volume Reaches $940 Million, Surpasses Bitcoin

As recently reported by a digital asset investment firm CoinShares, a record trading volume has been witnessed for Ethereum ETF, and has surpassed Bitcoin.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Ethereum ETF Volume Reaches $940 Million, Surpasses Bitcoin

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