Institutional Investors Show Continued Interest in Crypto, Especially Ethereum

Recent weeks saw a shift in crypto market sentiment as prices stabilized after an uptick. However, institutional investors remain optimistic, with CoinShare data revealing a substantial influx of $785 million into crypto investment products last week. This marks a significant reversal from February-March’s outflows, bringing the total investment to $7.5 billion since the year began. Bitcoin (BTC) remained the leading beneficiary of these inflows, receiving $557 million last week. However, Ethereum (ETH) saw a notable rebound with inflows exceeding $200 million last week, marking a significant increase from earlier this year.