According to a new report from CoinShares, institutional investor funds are pouring into Ethereum-based digital asset funds, which have recorded positive inflows for seven consecutive weeks.
The inflows reportedly reached $16.3 million last week, bringing the total inflows over the past seven weeks to $159 million.
James Butterfill, head of research at CoinShares, said on Aug. 8: “We believe the shift in investor sentiment is due to greater clarity on the timing of the merger, i.e. ethereum ETH 0.08%’s transition from proof-of-work to proof-of-stake.