Ethereum Receives $21 Million from Institutional Investors to End 9-Weeks of Outflow By DailyCoin

Along with its price, has seen a steady downswing in its investment product inflows since mid-December. As a result, Ethereum went nine weeks without recording inflows from institutional investors.

In the nine weeks, Ethereum lost $280 million to outflows. However, after nine weeks of outflows, Ethereum investment product inflows have seen a resurgence from institutional investors.

Ethereum Receives $21 Million in Institutional Investments

In the week ending February 11, Ethereum recorded $20.9 million in investment product inflows, while the entire crypto industry recorded inflows of $75.3 million.

There were some regional variances for the week, with $5.5 million of outflows recorded in the Americas. On the other hand, the European investment in crypto products stands at $80.7 million without the outflows.x

Ethereum’s inflow was marginally behind , which attracted $25.1 million. This represents 28% of the week’s total inflow into crypto products.

The recent inflow brings Ethereum’s total assets under management (AuM) to $13.055 billion as of the week ending February 11.

Institutional inflows into cryptocurrencies as of February 11: CoinShares

On the Flipside

• Although this week’s inflow breaks the 9 weeks of outflows for Ethereum, the inflows pale in comparison to those recorded in the last quarter of 2021.

Why You Should Care

The resurgence of institutional investors breaks a 2-month long outflow and is a reassurance that investors see merit in the accumulation of Ethereum.

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