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    WebsCrypto—News—Ethereum News—Coinmetrics: Ethereum Mentions in SEC Filings Hit Record High
    Ethereum News

    Coinmetrics: Ethereum Mentions in SEC Filings Hit Record High

    By WebsCryptoMarch 23, 2022
    Coinmetrics: Ethereum Mentions in SEC Filings Hit Record High
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    CoinMetrics disclosed in its recent State of the Network (SOTN) report that institutional interest in Ethereum has a strong positive correlation with the price of ETH, as measured from the SEC’s public database. The reason for the relationship was cited as the obligation of public agencies to report investments in cryptocurrency trusts and ETFs to the SEC.

    By digging through the SEC’s database and examining 13(f) securities filings, CoinMetrics found that entities mentioning Ethereum in the filings have been on the rise from 2020 to 2022. The report notes that a similar trend is evident for Ethereum from 2020 to 2021, reflecting its growing interest in institutions.

    CoinMetrics also said that if an ethereum ETF is approved, institutional interest may increase, as it has been for bitcoin. Similarly, an analysis of inflows into Ethereum funds shows a similar trend. Institutional investments in ethereum funds have seen two weeks of outflows, with around $17 million in outflows last week, according to CoinShares.

    DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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