Blockchain

Investors cautiously re-enter crypto funds, while ETH tools show strength

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A new report by the analysis company Coinshares shows that although the market decline may not be over, the current price level has made stock market investors once again show interest in digital asset funds.

A kind report According to a report released by Coinshares yesterday, after a severe decline in cryptocurrencies across the market, after several consecutive weeks of record outflows, multiple funds began to see net inflows. In total, traditional markets have invested $74 million in crypto investment tools, although not all products are showing signs of strength.

Although some analysts believe Call for Bitcoin as low as $16,000 per BTC, Bitcoin products are one of the worst performing products, with a net outflow of US$4 million. The report pointed out that altcoins—especially the greener proof-of-stake altcoins—have performed strongly, with inflows from Cardano, Ripple and Polkadot funds each exceeding $3 million.

However, the real star of the report is Ethereum. The total inflow of ETH vehicles was US$47 million, which accounted for the majority of the net digital asset fund investment and made the market dominance of ETH vehicles as high as 27%.

After the academic and institutional financial research departments issued a series of bullish reports, investors have a bullish outlook for the asset.Both the University of Pennsylvania and Goldman Sachs wrote research reports last week Support Ethereum as a store of value, Partly because of its importance to the DeFi ecosystem.

The world’s largest first-tier smart contract platform also has many technological advancements and upcoming disadvantages.Two-tier expansion plan Arbitrum recently launched a protected release, The long-awaited overhaul of the gas fee of EIP-1559 is scheduled for later this year, and the same The highly anticipated transition to a proof-of-stake consensus model.