{"id":24010,"date":"2022-07-26T09:12:49","date_gmt":"2022-07-26T09:12:49","guid":{"rendered":"http:\/\/egrowonline.com\/?p=24010"},"modified":"2022-07-26T09:12:49","modified_gmt":"2022-07-26T09:12:49","slug":"institutional-eth-sentiment-turns-positive-after-11-weeks-of-outflows","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=24010","title":{"rendered":"Institutional ETH sentiment turns positive after 11 weeks of outflows"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-v-28d77a7a=\"\">\n<p>Institutional sentiment toward Ether (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ethereum-price\" rel=\"noopener\">ETH<\/a>) appears to have shifted into positive gear, with digital investment products offering exposure to the asset having posted four consecutive weeks of inflows, according to CoinShares. <\/p>\n<p>Prior to this, ETH investment products had been on a <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/almost-100m-exits-us-crypto-funds-in-anticipation-of-hawkish-monetary-policy\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/almost-100m-exits-us-crypto-funds-in-anticipation-of-hawkish-monetary-policy\/amp\" rel=\"noopener\">lengthy 11-week run of outflows<\/a> that saw the total year-to-date (YTD) outflows <a target=\"_blank\" href=\"https:\/\/pd.coinshares.com\/l\/882933\/2022-06-20\/83t5k\/882933\/16557374339RF52H3z\/Digital_Asset_Fund_Flows_weekly__40_.pdf\" rel=\"noopener nofollow\">hit<\/a> as high as $458 million in mid-June. <\/p>\n<p><a target=\"_blank\" href=\"https:\/\/blog.coinshares.com\/volume-90-digital-asset-fund-flows-weekly-report-471a8e05df2d\" rel=\"noopener nofollow\">According<\/a> to data from the latest edition of CoinShares\u2019 weekly \u201cDigital Asset Fund Flows\u201d report, Ether investment products posted inflows totaling $8.1 million between July 18 and July 22, adding to the previous week of significantly major inflows of $120 million.<\/p>\n<p>The $120 million figure marks the biggest weekly inflows for ETH products since June 2021, with CoinShares suggesting that \u201cinvestor confidence is slowly recovering\u201d as Ethereum\u2019s long-awaited <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/will-ethereum-merge-hopium-continue-or-is-it-a-bull-trap\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/will-ethereum-merge-hopium-continue-or-is-it-a-bull-trap\/amp\" rel=\"noopener\">Merge comes closer to completion<\/a>.<\/p>\n<p>As it stands, the YTD flows for ETH investment products have been chipped down to $315 million worth of outflows, compared to $458 million in June. <\/p>\n<h3>Other assets<\/h3>\n<p>CoinShares data also reveal that investment products offering exposure to Bitcoin (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"noopener\">BTC<\/a>) saw the largest inflows last week at $19 million, adding to the week before in which BTC funds generated a hefty $206 million worth of inflows. <\/p>\n<p>Notably, while institutional investors have been cautious with ETH for most of 2022, this view on BTC has remained relatively positive for the most part \u2014 <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/institutional-crypto-asset-products-saw-record-weekly-outflows-of-423m\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/institutional-crypto-asset-products-saw-record-weekly-outflows-of-423m\/amp\" rel=\"noopener\">barring a few bumps in the road<\/a> \u2014 with BTC products generating $241.3 million worth of inflows YTD. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/c9fa25fa-ee51-446d-8a1d-8a78af43cd3a.png\" \/><figcaption style=\"text-align: center\"><em>Flows by Asset: CoinShares<\/em><\/figcaption><\/figure>\n<p><strong><em>Related: <\/em><\/strong><a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/the-merge-is-ethereum-s-chance-to-take-over-bitcoin-researcher-says\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/the-merge-is-ethereum-s-chance-to-take-over-bitcoin-researcher-says\/amp\" rel=\"noopener\"><strong><em>The Merge is Ethereum\u2019s chance to take over Bitcoin, researcher says<\/em><\/strong><\/a><\/p>\n<p>In a report shared with Cointelegraph, Singapore-based asset manager IDEG argued that the broader crypto investor sentiment is now beginning to transition from neutral to bullish, and expects Ethereum\u2019s Merge to be a key driver of the market recovery. <\/p>\n<p>\u201cWhile there has been delays and minor setbacks in the PoW to PoS migration for Ethereum, the Merge is now projected for Sep \u201822 \u2013 this is giving the market a clear \u2018positive upside catalyst\u2019 to run with,\u201d the report reads. <\/p>\n<p>The Merge is expected to be a bullish landmark for <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ethereum-for-beginners\/what-is-ethereum-a-beginners-guide-to-eth-cryptocurrency\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/ethereum-for-beginners\/what-is-ethereum-a-beginners-guide-to-eth-cryptocurrency\/amp\" rel=\"noopener\">Ethereum<\/a> due to it significantly improving the network\u2019s sustainability and energy efficiency. The major upgrade will not reduce gas fees, however, and layer 2s are expected to serve this function for the network in the foreseeable future. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">*Few quick points to clarify:<br \/>-L2s, not the merge, will take care of lowering gas prices<br \/>-Merge is a change of consensus mechanism, not an expansion of network capacity<br \/>-Solutions to gas fees, speed &amp; scalability are coming from rollups and sharding <a target=\"_blank\" href=\"https:\/\/t.co\/nCH9WQ3IAY\" rel=\"noopener\">https:\/\/t.co\/nCH9WQ3IAY<\/a><\/p>\n<p>\u2014 MacKenzie Sigalos (@KenzieSigalos) <a target=\"_blank\" href=\"https:\/\/twitter.com\/KenzieSigalos\/status\/1551563296653860867?ref_src=twsrc%5Etfw\" rel=\"noopener\">July 25, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/institutional-eth-sentiment-turns-positive-after-11-weeks-of-outflows\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Institutional sentiment toward Ether (ETH) appears to have shifted into positive gear, with digital investment products offering exposure to the asset having posted four consecutive weeks of inflows, according to CoinShares. Prior to this, ETH investment products had been on a lengthy 11-week run of outflows that saw the total year-to-date (YTD) outflows hit as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[181,101,2237,1423,1691,2395,136],"class_list":["post-24010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-institutional","tag-outflows","tag-positive","tag-sentiment","tag-turns","tag-weeks"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvYzY4NGQxYzQtZWJmMi00NzUyLWJhNWQtMDQwNDA0NDIwZjJhLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24010"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24010\/revisions"}],"predecessor-version":[{"id":24012,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24010\/revisions\/24012"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/24011"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24010"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}