CoinShares: Investors Are Putting Their Money into Ethereum Products
After a dip in the market on August 5, institutional investors returned to cryptocurrency funds, with Ethereum exchange-traded products being the most popular choice.
According to CoinShares’ weekly report on digital asset fund flows, a total of $176 million was invested into crypto assets for the week ending on August 11.
The report also revealed that Ether funds saw the biggest increase in inflows, totaling $155 million, which accounted for 88% of the total. In terms of monthly performance, Ether funds came out on top with $150 million in inflows so far.
This brings the year-to-date inflows for ETH funds to $862 million, the highest it has been since 2021. CoinShares attributed this growth to the recent launch of US spot-based ETFs, stating that it has been a major driving factor.
