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Institutional Funds to Ethereum Products Flips Green as Asset Trades Above $2,200
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The bullish drive of institutional investors in recent weeks can be seen across several market metrics as digital assets soar to levels not recorded in months.
Ethereum (ETH) traded sideways for most of the year before soaring above $2,000 following the recent market uptick which has sent the wider market capitalization over $1.5 trillion and ignited bullish sentiments.
At press time, institutional investors’ funds in Ethereum products stand at $10 million year-to-date (YTD), turning the tide after several weeks in the woods while its assets under management (AUM) is over $8.8 billion.
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