While Bitcoin funds face capital results, more money that never flows to the ETFs Ethereum. Since mid-May, institutional investors have already seized more than $ 837 million in American funds in Ethereum. The magic brand of billions of dollars is approaching, promoted by the technological innovation and the growing confidence of the giants of cryptocurrencies such as Blackrock and Fidelity.
Large fortunes prefer Ethereum a bitcoin
Pension funds, asset managers and other major players are refused by Ethereum. While the institutional parties bought mainly bitcoinNow attention is heading to Ethereum as the basis of the future financial system. Marcin Kazmierczak, co-founder and director of Redstone operations, says as follows::
Several factors come together which seem to promote the upward trend of ETH: the institutional flows of the ETF which show renewed interest in ETH products and major expectations concerning the planned updates of Ethereum. “”
On June 6, they entered 25.3 million dollars in the different ETHEREUM ETF. It is the longest series of tickets to launch ETF in cash in the United States. Cryptanalists expect an anxious. Will Ethereum reach the magic brand of $ 1,000 million?
The contrast between Ethereum and Bitcoin is surprising. While the Ethereum funds are booming, those in Bitcoin recorded an exit of around $ 600 million during the same period.
Performance says everything. In the past 30 days, the value of ETH funds has increased by 6.4%, compared to 4.1% of BTC funds. Ethereum is gaining ground, especially since institutional investors broaden their positions.
Technological improvement gives confidence
One of the main reasons for increasing confidence is the recent patient update. This Ethereum network update was necessary for a long time. It gives a big boost to network performance, such as scalability and efficiency. The pin also has a positive impact on the Ethn price.
By the way, everything was not like silk. For example, the update has proven not to be 100% airtight because it opened a vulnerable rear door. It was a risk for Ethereum wallets. Despite this false step, Ethereum is increasingly consolidating as a technological platform. The equipment actively builds a solid base. The growing influx of capital at the ETH FNB shows that it works.
While bitcoin is considered “digital gold”, Ethereum is positioned as the backbone of a new financial system. Its objective is to train the digital infrastructure of decentralized applications, intelligent contracts and tokenization.
What awaits investors?
Blackrock, Fidelity and Coinshares potentially increase the Ethereum funds above the “magic limit” of $ 1,000 million in tickets. Meanwhile, the BTC funds are experiencing outings after the historic maximum reached at the end of May. Investors perceive advantages and, therefore, the trend is different from that of Ethereum. In addition, this platform has received solid technological updates.
With 15 days of continuous flow behind them, Ethereum seems to be prepared for a new phase of institutional adoption. In the coming weeks, he will be seen if ETH reaches the symbolic brand of a billion dollars.
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