• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Potential Downside Risks for Bitcoin

chest

If Bitcoin fails to hold above the weekly open, it may face deeper downside targets between 70,800 and 69,100.

user avatarLi Weicheng

RippleX Launches Permissioned Domains on XRP Ledger Mainnet

chest

RippleX has launched permissioned domains on the XRP Ledger mainnet, enhancing institutional access to compliant liquidity pools.

user avatarAisha Farooq

Egrag Crypto Warns of Potential Market Risks

chest

Egrag Crypto warns of potential market risks for XRP investors due to external factors like regulatory changes.

user avatarBayarjavkhlan Ganbaatar

Egrag Crypto Offers Guidance for XRP Investors

chest

Egrag Crypto offers guidance for XRP investors on managing emotional and financial resources during market downturns.

user avatarTenzin Dorje

Gemini Exits Canada to Focus on US Market

chest

Gemini, led by the Winklevoss twins, is withdrawing from Canada and other secondary markets to concentrate on the US.

user avatarMohamed Farouk

JPMorgan Faces Scrutiny Over Past Manipulative Conduct

chest

JPMorgan faces scrutiny due to past manipulative conduct, having paid over $920 million for deceptive practices in precious metals futures.

user avatarDiego Alvarez

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.