According to a fresh weekly fund flow report from CoinShares, Ethereum and ETH-based products are seeing their second consecutive week of inflows. Thus, last week, there was an inflow of $5.6 million in these assets.
Despite continued positivity, month-to-date and year-to-date figures for Ethereum-based products remain disappointing, implying outflows. In the first case, the outflow was $65.1 million, and in the second, more than five times that, or $361.3 million.
Outflows from ETH-based products have almost always occurred in the run-up to the Ethereum merge that took place on September 15. At that time, unlike those who decided to stay, investors in such instruments rushed to sell. into the crypto space and stick to their Ethereum. Then, after the event ends, these exchange-traded products begin to be in demand again, as evidenced by the flow of funds into them.