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The recent institutional landscape appears to be undergoing a shift, as Ethereum, which had been struggling with continuous outflows throughout the year, notably totaling $107 million, suddenly experienced a positive change.`According to the latest report by CoinShares, Ethereum has attracted the largest inflows since August 2022, totaling $17.5 million.
The digital asset manager revealed that the run of inflows now resembles the July 2023 run of inflows and is the largest since the end of the bull market in December 2021. Increasing prospects of a spot-based ETF in the United States continued to play a key role, CoinShares highlighted in its During the same period, short positions in Bitcoin also received inflows of $4.5 million, underscoring the apprehension among some investors regarding the sustainability of the latest rally.
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