Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report
Traders take up the strategy of buying the rumour and selling the news as the much anticipated Ethereum Merge is coming closer
By Shashank Bhardwaj
According to recent research, Ethereum saw $16 million in inflows and is on a nearly 7-week streak of inflows totalling $159 million. This indicates that institutional investors are pouring money into digital asset funds based on Ether (ETH). James Butterfill, the head of the research, suggested the increase in market sentiment for Ethereum-focused products is largely due to 'greater clarity' regarding the upcoming Merge. He said,
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