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

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

Over this nine weeks, Ethereum lost $280 million to outflows, however, in the wake of this harsh period, Ethereum investment product inflows from institutional investors have seen a resurgence.

Ethereum Receives $21 Million in Institutional Investments

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

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

Ethereum’s inflow was marginally behind Bitcoin, 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 11th.

Institutional inflow into cryptocurrencies as of February 11th: CoinShares

On the Flipside

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

Why You Should Care

The re-emergence of institutional investors breaks a 2-month long outflow and will surely act as reassurance that investors see merit in the accumulation of Ethereum.

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    This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

    Author
    Milko Trajcevski

    Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia