Institutional managers now control $13.9B worth of Ethereum

By Btc Peers9 days ago

Institutional managers now control $13.9B worth of Ethereum

According to a report by CoinShares, Ethereum investment products have continued to see an increase in weekly inflows. Over the past week, institutional investment managers purchased about $30.3 million worth of Ethereum. This brings their total holding to a whopping $13.9 billion.

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The report from CoinShares suggests that institutional investors are beginning to turn their attention to the smart-contract platform. The year-to-date inflows for ETH products currently sit at around $824 million. In total, the managers now hold a combined $13.9 billion worth of Ethereum.

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