Ethereum Breaks New Ground: Institutional Investment Soars Past $32.6 Billion

Investment products linked to digital assets saw a surge in inflows last week, totaling $572 million. This marked a turnaround from the initial outflows of $1 billion during the week, driven by concerns about slowing growth following disappointing US employment data. However, the tide shifted as the government approved digital asset inclusion within 401(k) retirement plans. This prompted an influx of $1.57 billion into ETPs, leading Ethereum to dominate weekly flows with a record $268 million in inflows, propelling year-to-date inflows to a new record high of $8.2 billion.