• 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

Solana's Quantum Readiness Strategy Under Scrutiny

chest

Solana's quantum readiness strategy is under scrutiny following Anatoly Yakovenko's comments on the need for a multi-scheme approach to enhance security against AI threats.

user avatarLeo van der Veen

South Korean Exchanges Win Temporary Relief from Regulatory Sanctions

chest

Three major South Korean crypto exchanges, Upbit, Bithumb, and Coinone, have secured temporary court relief from sanctions related to existing anti-money laundering requirements.

user avatarLi Weicheng

Anatoly Yakovenko Raises Concerns Over AI's Impact on Post-Quantum Cryptography

chest

Solana cofounder Anatoly Yakovenko warns that AI could expose vulnerabilities in post-quantum signature schemes, emphasizing the need for a robust security design.

user avatarMaya Lundqvist

DAXA Challenges New Anti-Money Laundering Regulations in South Korea

chest

DAXA opposes proposed changes to South Korea's anti-money laundering regulations, citing concerns over excessive reporting requirements.

user avatarAisha Farooq

MoneyGram's Stablecoin Service Expands to Colombia and El Salvador

chest

MoneyGram has launched its stablecoin service in Colombia and expanded to El Salvador, providing financial solutions for underserved markets in Latin America.

user avatarTenzin Dorje

Stellar Network Surpasses 1 Billion in Real-World Assets

chest

The Stellar network has crossed the 1 billion mark in real-world assets, indicating significant growth and momentum.

user avatarBayarjavkhlan Ganbaatar

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.