• 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

Debt Issuance Planned to Cover Budget Shortfalls

chest

Debt issuance planned to cover budget shortfalls in Russia, aiming to raise public debt-to-GDP ratio to 20% by 2028.

user avatarArif Mukhtar

ASTER Shows Consistent Strength Against Bitcoin

chest

ASTER shows consistent strength against Bitcoin, trading at 0057612 BTC, reflecting coordinated market positioning.

user avatarDavid Robinson

Understanding Tax-Loss Harvesting and the Wash-Sale Rule

chest

Tax-loss harvesting is a strategy used by investors to offset gains, but it is subject to the wash-sale rule.

user avatarMaria Gutierrez

Resistance Levels Frame Near-Term Price Structure for ASTER

chest

During the observed trading session, ASTER faced immediate resistance at 07254, with market participants closely monitoring whether the price could sustain levels near this resistance.

user avatarAndrew Smith

Crypto Tony Analyzes Litecoin's Potential Rally

chest

Crypto analyst Crypto Tony highlights a critical resistance level for Litecoin that could trigger a significant price rally.

user avatarJacob Williams

Ethereum Sets New Transaction Record

chest

Ethereum's daily transactions reached a record seven-day average of nearly 25 million as gas fees hit record lows, indicating increased user activity.

user avatarZainab Kamara

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.