Ethereum Prices Might Go Under $2,000 In The Near Future.
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Institutional Investments Into Bitcoin On A Rise Again - Exclusive.
2021-03-29 | Robin Williams
“... we believe this is often due to investors sitting on multi-year gains taking profits.”Although Bitcoin investment products generated nearly half the entire weekly inflows, on a market cap-adjusted basis, Ethereum products were the foremost popular. Inflows into ETH investment rose by $5.4 Mln last week. Total inflows increased for 21Shares and therefore the Purpose exchange-traded fund but declined for CoinShares and virtually flat-lined for Grayscale. Despite the modest pullback in inflows, institutional investors remain a drive behind the cryptocurrency market. As Coinshares reported earlier week, cryptocurrencies held by institutional investment managers have topped $57 Bln. And while Bitcoin and Ethereum still trade below all-time highs, the entire cryptocurrency market cap rose to near-record levels earlier on Monday. The entire cryptocurrency market cap peaked just north of $1.83 trillion, consistent with CoinMarketCap.
