There is growing demand for eth among institutional investors, as 247k ETH has flowed into Ethereum spot Etf this month, mostly thanks to BlackRock and Fidelity.
There is growing demand for #eth among institutional investors, as 247k ETH has flowed into #Ethereum spot Etf this month, mostly thanks to BlackRock and Fidelity.
Short positions in cme ETH hedge fund futures have peaked, while demand for long positions and ETFs has simultaneously increased.
Ethereum continues to grow despite the highest net outflow of stablecoins from the exchange in 11 months since March 4, suggesting traders are taking profits.
Ethereum news: Holders of various exchange-traded funds (ETFs) recently saw significant inflows of 247,000 ETH into spot ETFs, indicating a significant increase in institutional participation.
This surge in Ethereum prices coincided with significant investments by two major financial giants BlackRock (ETHA) and Fidelity (FETH), demonstrating the widespread acceptance of Ethereum due to its institutional structure as a viable bitcoin-like investment asset.
The data from the end of Month 8 to the end of Month 11 shows a steady upward trajectory in investment volume, highlighting the growing confidence and strategic positioning of Ethereum-based financial instruments.
According to the latest data, total holdings in these ETFs are approaching the 100 million ETH mark, marking a milestone in institutional investor participation.
This move is indicative of the growing trend of institutions using Ethereum for potential cash and transfer transactions.
The current trend of money flowing into Ethereum ETFs may herald a new "altcoin season" for institutions, reflecting the early institutional path paved by #bitcoin . This means increased liquidity, reduced volatility and new highs in ethereum's market value as funds from financial institutions continue to flow into the market, which may reflect a strategic shift toward crypto-investment among major financial players.
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