Ethereum Sheds $81.6 Million in Funds as Crypto Snaps Mid-Week Risk Off
BeInCrypto
Ethereum funds saw $81.6 million in outflows last week, despite a strong market recovery driven by Friday's institutional investment.Summary
Last week, Ethereum-based investment products experienced $81.6 million in net outflows, breaking a three-week trend of significant inflows. Despite this mid-week decline, the broader digital asset market finished the week with $117.8 million in total inflows, largely due to a sharp recovery on Friday where $737 million was added to products after significant earlier losses. Experts, including Tom Lee, suggest that institutional interest remains strong, supported by developments such as JPMorgan Chase allowing BTC and ETH as collateral and the potential for a "Crypto Spring" driven by tokenization and AI.
(Source：BeInCrypto)