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Market Cap$ 3.82T-3.62%
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Ethereum (ETH) Rally Ignites as Investors Pour $205M Despite Market Turmoil


by Chayanika Deka
for CryptoPotato
Ethereum (ETH) Rally Ignites as Investors Pour $205M Despite Market Turmoil

Despite turbulence across crypto markets, investors treated Ethereum’s weakness as a buying window. During the week, investment funds dedicated to ETH pulled in $205 million in inflows during the week. The strongest momentum came from a 2x leveraged ETP, which drew $457 million, which reflected continued confidence in Ethereum’s recovery.

This occurred even as digital asset funds experienced $513 million in overall outflows, following volatility linked to Binance’s liquidity cascade on October 10th. Cumulative outflows since that incident now stand at $668 million, which means that ETP investors largely brushed off the turmoil, unlike on-chain holders, who appeared more risk-averse.

Read the article at CryptoPotato

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Ethereum (ETH) Rally Ignites as Investors Pour $205M Despite Market Turmoil


by Chayanika Deka
for CryptoPotato
Ethereum (ETH) Rally Ignites as Investors Pour $205M Despite Market Turmoil

Despite turbulence across crypto markets, investors treated Ethereum’s weakness as a buying window. During the week, investment funds dedicated to ETH pulled in $205 million in inflows during the week. The strongest momentum came from a 2x leveraged ETP, which drew $457 million, which reflected continued confidence in Ethereum’s recovery.

This occurred even as digital asset funds experienced $513 million in overall outflows, following volatility linked to Binance’s liquidity cascade on October 10th. Cumulative outflows since that incident now stand at $668 million, which means that ETP investors largely brushed off the turmoil, unlike on-chain holders, who appeared more risk-averse.

Read the article at CryptoPotato

Read More

A Beginner’s Guide to Cryptocurrency and Why It Matters

A Beginner’s Guide to Cryptocurrency and Why It Matters

At its core, a cryptocurrency is a form of digital value protected by some seriously ...
Could ProShares’ top-20 crypto ETF succeed where spot ETFs stall?

Could ProShares’ top-20 crypto ETF succeed where spot ETFs stall?

A new ETF, twenty tokens, and zero wallets — ProShares bets on synthetic exposure.