Ethereum Attracting Massive Capital Inflow As Institutional Investors Increase Their Ether Positions ⋆ ZyCrypto - BitcoinEthereumNews.com
Following a 9-week dry spell, Ethereum products are seeing capital inflows. In total, Coinshares crypto products received over $75 million of inflow last week. A reversal might be in the cards for the nascent market. According to CoinShares data, Ethereum products last week received a capital inflow of about $20.9 million. It appears that the spell of outflows might be coming to an end for the crypto market. Nine-Week Outflow Spell Broken Data from digital asset manager CoinShares shows that after a nine-week long period of outflows, the Ethereum network has recorded a capital inflow of $20.9M dollars for Ethereum products. It is the most recent indication that wealth asset managers are once again accumulating crypto assets. In total, the CoinShares crypto products last week saw an inflow of about $75.3 million. Bitcoin led the pack, with investments in Bitcoin products sitting at around $25.1 million. Other funds managing multiple assets also experienced positive inflows, with Solana, Polkadot, and XRP among the names. In the past month, the capital inflow has risen with each consecutive week. A total of $209 million has gone into investment products in the nascent market during this period. Several analysts believe that this is a strong indication that the almost 3-month long