ETHER ETFS $ 393 million in flows this month where encryption investors play their back on Bitcoin

If you think Ether’s (ETH) early Price collapse To 2000 dollars on some stock exchanges that would push investors away, think again. The activity in the investment funds circulating in the United States listed in the United States indicates that traders have been strongly centered on the ether from Bitcoin (BTC).

This month, the nine boxes traded on the Stock Exchange (ETFS) in the United States recorded a purely cumulative flow of $ 393 million, according to data from Farside investors. This number is seven times larger than the flows seen in January, as Glassnode said. It is worth noting that these funds witnessed external flows in just two days trading.

In contrast, the investment funds circulated in Bitcoin 11 A. Net flow From $ 376 million this month. Feelings were so weak that these funds recorded only four trading flows.

Axis to ETH driven by Trading downloadWhich includes the purchase of immediately traded investment funds and future ETH CME stories. In addition, some flows in investment funds circulating in the field of classification can be the funds in the direction of the explicit direction.

However, the axis of investors into the ether has not yet been translated into higher prices for the encrypted currency.

ETH, which operates the smart contract for ETHEREUM, has been traded primarily between 2600 dollars and 2800 dollars since February 3 was broken. Bitcoin has also been closed in a narrow range of less than $ 100,000 amid volatile prices in Memecoins.

However, some observers expect ethereal price gains at the back of the ETHEREUM, which is said to improve both the implementation and consensus layers of ETHEREUM and help it compete against the competitive layer like Solana.

“Email,” said Nick Forster, founder of decentralized options platform.

Forster explained that pushing the founder of Ethereum Vitalik Buterin to increase 10x at the L1 gas limit to improve the development of applications and security. Moreover, the allocation of the last ETH Corporation of $ 120 million to Defi projects indicates a renewed focus on adoption and institutional interests through Ethrealize. Ethrealize, led by Vivek Raman, aims to integrate traditional financial institutions into the Blockchain world.

“There is now a 30 % chance of ETH that will make 3 thousand dollars by the end of the quarter, an increase of 28 % last week,” Forster added.