Institutional investors invested $13.2 million in Ethereum over the week

Institutional investors invested $13.2 million in Ethereum over the week

user avatar

by Eve Adams

2 years ago

Last week, crypto funds focused on Ethereum (ETH) garnered the most interest among institutional investors.

According to Coinshares, these funds attracted $13.2 million over seven days.

Experts believe that large capital is preparing for the launch of spot Ethereum ETFs in the US market. Investments in tools focused on this altcoin are expected to increase until early July, when the Ethereum ETF is anticipated to be released.

Institutional investors also invested around $1.1 million in funds focused on XRP and showed inflows into funds tracking the performance of Binance Coin (BNB), Cardano (ADA), Chainlink (LINK), and Litecoin (LTC).

At the same time, investors withdrew $621 million from Bitcoin funds, leading to a net capital outflow of $600 million from the market.

Analysts note that the total volume of digital assets under the management of crypto funds decreased to $94 billion over the week. At the beginning of June, this amount was $100 billion.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Political Fallout from Ueno Bank Crisis in Paraguay

The Ueno Bank crisis has triggered significant political repercussions in Paraguay, including the resignation of President Santiago Peña and potential impeachment proceedings.

user avatarFilippo Romano

Greece Enhances Crypto Tax Transparency Measures

Greece will implement new reporting and documentation requirements for cryptocurrency purchases starting in 2027 to ensure funds come from declared income or lawful sources.

user avatarTomas Novak

Greece Introduces 10% Tax on Crypto Investment Profits

Greece introduces a 10% tax on individual crypto investment gains starting January 1, 2027.

user avatarEmily Carter

Gnosis Pay Implements Enhanced Security Measures Following Breach

Gnosis Pay has implemented enhanced security measures, including 3D Secure for online payments and increased fraud monitoring, following a data breach.

user avatarMaya Lundqvist

Gnosis Pay Reports Data Breach Affecting Customer Information

Gnosis Pay reported a data breach where hackers accessed customer information through its card system, prompting immediate containment measures.

user avatarKaterina Papadopoulou

Ueno Digital Bank Collapse Revives Bitcoin Self-Custody Debate

The collapse of Ueno Digital Bank in Paraguay has sparked renewed discussions about financial independence and self-custody of Bitcoin, highlighting both the benefits and risks associated with managing one's own assets.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.