Institutional Investors Pile Into Ethereum (ETH) at Highest Rate Since November 2021: CoinShares

Institutional Investors Pile Into Ethereum (ETH) at Highest Rate Since November 2021: CoinShares


Leading digital assets manager CoinShares says Ethereum (ETH) institutional investment products just had their biggest week in over a year.

According to the latest Digital Asset Fund Flows Weekly report, late trade reporting added $120 million to the previous week to ETH’s weekly inflows of $8 million, making it the largest on record since June of 2021. 

“Ethereum saw inflows totaling $8 million, while the corrected prior week data saw inflows totaling $120 million. These inflows mark the largest single week of inflows since June 2021 and imply a turning point in sentiment after a recent 11-week run of outflows. It also suggests that as The Merge progresses to completion, investor confidence is slowly recovering.”

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Source: CoinShares

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