More Institutional Investors Are Buying Ether, Seeing It as a Store of Value
The ether rally appears to be more organic and driven from within the crypto industry.
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Institutional investors are significantly accumulating XRP and Solana while offloading their Bitcoin holdings. This comes amid the launch of the new altcoin ETFs in the United States (U.S.), which provide spot exposure to these coins. Institutions Buy XRP And Solana While Dumping Bitcoin A CoinShares report showed that institutional investors bought XRP and Solana while […]
Bitcoin may be in the last leg of its parabolic run and if the rally sustains, select altcoins may surprise to the upside. Bitcoin (BTC) has consistently been hitting new all-time highs over the weekend, but the latest surge has also created a new high against gold, according to MarketWatch data. This suggests that Bitcoin has been gaining acceptance as the new store of value and that may attract more customers away from gold into Bitcoin. Analysts suggest that the latest rally above $30,000 could have been triggered by aggressive buying from institutional investors on Coinbase, as....
Institutional investors led by Metaplanet and Cardone Capital went on a buying spree over the weekend as Bitcoin’s ($BTC) value fell below $100K due to geopolitical tensions in the Middle East. If you’re looking for a similar investment, the best altcoins also offer great buying opportunities during these uncertain times. Crypto presales, in particular, offer […]
Institutional investors have been bearish toward Ethereum for a while now. There have been outflows rocking the digital asset until it ended its 11-week streak with inflows for last week. However, this does not mean that positive sentiment had returned entirely to the cryptocurrency once more. The numbers on the CME show that institutional investors remain wary and even bearish toward the second-largest cryptocurrency in the market. Ethereum Falls Into The Negative The Ether futures on the CME have been trading on a negative basis lately, which basically means they are trading below spot.....
A long-term arbitrage play from institutional investors may explain why shares in Grayscale’s Ethereum Trust have tanked by 50% in two weeks while Ether rallied 75%. Shares in fund manager Grayscale Investments’ Ethereum Trust plummeted by 50% this past fortnight, despite Ethereum rallying by 75% over the same period.ETHE shares represent 0.09620794 of an Ether each and are currently trading for $13.80 — roughly a 21% premium over the spot price of ETH.Grayscale’s ETHE shares have been on a roller coaster ride, surging around 500% from $4.20 at the start of October, before topping out at....