Sep 11, 10:59 pm

Decrypt

Ethereum Is Losing Favor Among Institutional Investors: CoinShares

Ethereum has experienced significant outflows from institutional investors in 2023, with over 108 million in sales this year. CoinShares’ analysis shows that Ethereum is the most sold digital asset by large entities, making it the least loved digital asset for ETP investors. However, the recent application for the first Ethereum ETF by Ark Invest could potentially change the sentiment towards the cryptocurrency.