Institutional investors invested $13.2 million in Ethereum over the week

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Robinhood Expands into Stablecoin Yield with New Earn Structure

Robinhood has launched a new Earn structure offering a 7% APY tied to USDG, entering the stablecoin yield market to attract users and enhance engagement.

Miguel Rodrigueza day ago

MEXC Reports Surge in Demand for SpaceX-linked Derivative Products

MEXC reports a significant increase in trading demand for its derivative products linked to SpaceX, highlighting a trend in crypto exchanges offering synthetic exposure to private assets.

Luis Floresa day ago

Dave Portnoy Reveals Major Losses in Bitcoin Trading

Barstool Sports founder Dave Portnoy reveals significant losses in Bitcoin trading, expressing regrets over his investment decisions.

Arif Mukhtara day ago

SEC Reports Stronger Capital-Raising Environment for Q2 2026

The SEC's latest market statistics update indicates a stronger capital-raising environment for Q2 2026, highlighting increased IPO proceeds and its significance for crypto companies.

Maria Gutierrez2 days ago

Farage's Financial Connections to Donor Questioned Amid Lobbying Claims

The investigation into Nigel Farage's lobbying activities reveals his financial ties to billionaire Christopher Harborne, raising concerns about potential conflicts of interest due to a significant undeclared gift before the July 2024 general election.