Crypto system products recorded an increase in the inflow in the middle of the month
Crypto system products recorded an increase in the inflow in the middle of the month
- Investors feel with the time of the fusion of Ethereum and Beacon Wohler Chain Proof-of-Stake-System, says the research manager of CoinShares
- Bitcoin products have had tribes of $ 241 million since the beginning of the year, while ether offers of $ 316 million during the same period
While the inflows in investment products for digital assets were on a total of $ 30 million in the past week, such offers, according to Coinshares, attracted $ 343 million in the previous week-the highest level since November 2021.
The figures came to light Sunday. The company reported tributaries of $ 12 million for the week on July 15, but in his last report, it corrected it to $ 343 million due to "later reporting of trades".
James Butterfill, Head of Research at Coinshares, told Blockworks that the tributaries mainly came from a smaller company in Switzerland, but did not announce the issuer of the product.
"While only the provider recorded the most tributaries, we saw most other funds rather little inflows than outflows, which indicates an improvement in the mood," he said.
Overall, Bitcoin and Ether products enjoyed the inflows, with Bitcoin and Ether products brought in net eggs of $ 206 million or $ 120 million.
This was the highest individual week with traces for Bitcoin system products since May. For Ether, this was the largest weekly inflow since June 2021 and ended an 11-week drain series.
Although Bitcoin products have recorded tributaries of $ 241 million since the beginning of the year, ether products-despite the latest increase in assets-have so far leaked $ 316 million in 2022, as the data from Coinhares show.
The Ethereum-Mainet should merge with the light fire chain proof-of-stake-system in the coming months, which marks the end of the pro The merger prepares the prerequisites for future scaling upgrades, including shading, and is to reduce the energy consumption of Ethereum by about 99.9 %, according to the blockchain on its website.
Butterfill said that drains into ether products for a large part of the year are probably due to the uncertainty about when this would occur.
"These recent tributaries - and price movements - indicate that investors are becoming increasingly friends with the proposed time of the merger," said Butterfill.
The merging should take place at the end of the year, with such upgrades take place on some public test networks before they are moved to the Mainnet.
The price of Ether was around $ 1,480 at 3:30 p.m., which corresponds to an increase of almost 21 % last month and an increase of about 27 % compared to two weeks ago. Overall, the price of the financial value has fallen by about 70 % since its all -time high last November.
AVI FELMAN, Head of Digital Asset Trading at Goldentree Asset Management, said that tributaries in investment products for private investors follow pricing more than they lead.
Nevertheless, he added that he believes that the market of Ethereum Fusion is very important and that the switch to Proof-of-Stake would promote the outperformance of assets.
"However, this is relative to the cryptom market," said Felman to block works. "It is not foreseeable what the macroumpfield has in store, and I don't think any tributaries will be able to keep Ethereum on the dollar due to The Merge if stocks act badly."
The Post Crypto Investment Products Saw Mid-Month Inflow Spike is not a financial advice.
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