Investors flock to ETH products over BTC as markets recover — CoinShares
Ethereum funds also lead Bitcoin ETPs in monthly performance, with $150 million in inflows in August so far.
Ethereum exchange-traded products were the top choice for institutional investors as money returned to crypto funds following the Aug. 5 market slump.
In its Digital Asset Funds Weekly Report published on Aug. 12, asset manager CoinShares revealed that crypto asset investment products saw inflows totaling $176 million for the week ending Aug. 11.
It found that Ether (ETH) funds benefited the most from the market correction, attracting $155 million in inflows in the last seven days, or around 88% of the total. Ether funds also led on monthly performance with $150 million in inflows in August.
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Author: Martin Young
