Investors are slowly returning to crypto funds as ETH vehicles are seeing the greatest growth

A new report from the analytics company Coinshares shows that the market crash is not over yet, The prices are currently at a level at which investors are again showing a certain interest in digital asset funds.

According to a report released yesterday by Coinshares, several funds saw net inflows in general after record-breaking weeks of outflows in the wake of a scary downturn in the cryptocurrency market. In total, traditional markets contributed $ 74 million to cryptocurrency investment vehicles, although not all products showed signs of strength.

While some analysts expect the price of Bitcoin to fall to $ 16,000, Bitcoin products are among the underperformers, with net outflows of $ 4 million. The report notes that altcoins (especially the greener proof-of-stake) performed well. with funding from Cardano, Ripple and Polkadot, each with more than $ 3 million in inflows.

Investors are slowly returning to crypto funds as ETH vehicles are seeing the greatest growth
Investors are slowly returning to crypto funds as ETH vehicles are seeing the greatest growth

However, the real star of the report is Ethereum. ETH investment vehicles recorded inflows totaling 47 million US dollars, which makes up the largest proportion of net investments in digital asset funds and increases the market dominance of ETH vehicles to 27%.

Investors’ bullish outlook for the asset comes after a number of bullish reports from academic and institutional financial research groups. Both of them last week the University of Pennsylvania and Goldman Sachs wrote a study defending Ethereum as a store of value, in part because of its importance to the DeFi ecosystem.

The world’s largest layer-one smart contract platform also has several technical advances and headwinds on the horizon. The layer 2 scaling solution, Arbitrum, recently activated with the controlled start, and the long-awaited reform of the gas commissions EIP-1559 is planned for the end of this year, as well as a change also expected from a proof-of-stake consensus model.

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