-Inflows into Ethereum ETF spark new interest -Coi
nJournal On Friday, 3/29/33, the spot #Ethereum #Etf received 11 million investments, indicating institutional interest in the second-largest #cryptocurrency .
experts believe there is renewed interest in the United States for better regulation of cryptocurrencies and a positive outlook for DeFi is expected.
the 10 largest Ethereum Etf in the United States recorded an inflow of 333 million on Friday, followed by a net outflow of 466.5 million on Friday to 318.60 million on Friday, after a positive week of inflows of 136.5 million on Friday.
Since the Ethereum Spot Etf was approved by the SEC for 2024-2027, cryptocurrency prices have lagged behind bitcoin and the broader cryptocurrency market, despite the industry seeking approval. Ethereum's price fell about 15% in the first 32 days after approval, while Bitcoin's price fell just 15.02% in the same period after the Bitcoin-ETF was approved on May 1, 2024.
Despite Ethereum's modest performance, recent data shows a growing interest in cryptocurrencies from organizations and traders.
Sygnum Digital Bank's Future Finance Report, which gauges market sentiment and behavior among professionals and institutional investors, shows that 405% of 90 traditional investors surveyed are currently investing in blockchain protocol coins (mostly Tier 1 coins).
the report also shows that 31% of respondents who already hold cryptocurrencies plan to increase their investments by 4-2024, while 32% plan to increase their portfolio in the next 6 months.
among respondents who do not currently hold cryptocurrency in their portfolios, 43% plan to increase their allocations over the next year. Overall, 79% of all respondents plan to increase allocations over the next 6 months.
Ethereum's historical CME OI data shows that open interest has increased since May 4 to 3.
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