Ethereum Sees Successful Shapella Upgrade, Triggers More Institutional Investors
According to the latest reports, it seems that Ethereum has been triggering more and more institutional investors. Check out the latest reports below. ETH sees more investors It’s been just revealed the fact that the dig...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to the latest reports, it seems that Ethereum has been triggering more and more institutional investors. Check out the latest reports below.
ETH sees more investorsIt’s been just revealed the fact that the digital assets manager CoinShares says institutional investors are diving into the leading smart contract platform Ethereum (ETH). This came right after its successful Shapella upgrade.
In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional ETH investment products were seeing inflows of $17 million last week, a sign of investor bullishness, according to the firm.
“Ethereum saw inflows totaling US$17 million last week, suggesting there is increasing confidence amongst investors following the implementation of the Shapella.”
According to the online publication the Daily Hodl, it seems that despite Ethereum’s big week of inflows, the crypto investment products overall suffered $30 million in outflows.
“King crypto Bitcoin (BTC) took the brunt of the losses, losing $53.1 million last week. Overall, BTC institutional investment products are still in the green by more than $250 million over the last four weeks,” the online publication notes.
“The profit-taking was focused on Bitcoin, which in the prior 4 weeks had seen a run of inflows totaling US$310 million, but last week saw outflows totaling US$53 million. Very minor inflows were seen in short-Bitcoin of US$1.5 million.”
In other news, there are also more BTC predictions out.
BTC new targets are outAn analyst who masterfully predicted the crypto turnaround this year is unveiling his general plan to re-enter Bitcoin (BTC) as the crypto king struggles to reclaim $30,000.
Pseudonymous analyst DonAlt said recently that he’s planning to stay on the sidelines for now as he believes BTC is trading between key levels.
According to the crypto strategist, he’s looking for a reclaim of $30,000 or a correction all the way down to $20,000 before reaccumulating the crypto king.
“General plan for me is:
Buy back BTC I sold at ~$30,200 if we manage to reclaim $30,000.
Buy back BTC I sold if we retest $20,000.
Chill in between both of those.”
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Bitcoin ETFs Shed $2.35 Billion in Two Weeks as BlackRock’s Outflow Streak Hits 11
Bitcoin ETF outflows have reached $2.347 billion across the first two completed November trading weeks, leaving a persistent hole...
Nakamoto Gets Extra Year on 60 Million USDT Kraken Loan; Derivatives Count Toward Collateral
Nakamoto Inc. (NAKA) is a bitcoin treasury company, a public company holding bitcoin as a core asset, and has borrowed against it....
AI Tops Fed Survey of Financial Risks—Why Crypto Investors Should Pay Attention
AI has become the most frequently cited financial-stability risk in a survey published with the Federal Reserve’s latest report, b...
US spot Bitcoin ETFs bleed $185 million as outflow streak hits seven days
Institutional caution and Bitcoin volatility may drive a shift in crypto investment strategies, impacting market dynamics and inve...
Kraken Parent Payward Swaps Its Headline Metric, Reports $487 Million in Q3 Platform Margin
Payward, the privately held parent of Kraken, publishes selected quarterly figures rather than SEC filings, and until now led them...
How Buterin Complicates Ethereum’s Wall Street Pitch by Aiming at Bitcoin
Vitalik Buterin’s latest pivot in how Ethereum should be valued might make traditional Wall Street investors dizzy. The narrative...