ETH represented 80% of last week's institutional crypto inflows
Institutions were aggressively accumulating ETH in the lead up to the launch of CME futures, with Ether products representing 80% of last week’s institutional crypto inflows. Crypto asset manager CoinShares has reported that investment inflows into institutional cryptocurrency funds surged last week, and the majority of it was Ethereum.The report states that of the $245 million crypto inflow last week, 80% of it or $195 million was invested into Ether products ahead of the launch of the Chicago Mercantile Exchange Ethereum futures contracts on Feb. 8.Comparatively, Bitcoin had $41.9....
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As Bitcoin extended its losses from the previous week, its inflows to cryptocurrency exchanges surged to the highest levels seen in a year — perhaps a telling sign that institutional and retail investors are liquidating their positions en-masse. According to on-chain analytics site Glassnode, crypto exchanges saw a net inflow of 32,274.05 BTC. Net inflows […]
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