Ethher (Eth), Ethereum Cryptocurrency, was positioned as an institutional favorite digital asset in August, surpassing Bitcoin (BTC) in fund collection.
Cryptocurrency investment products registered tickets totaling $248 million last week, according to a report from Coinshares. Of these, ETE attracted 1.4 billion people compared to 748 million BTC..
It should be noted that these data only reflect flows through investment funds, not direct purchases of ETH or BTC.
This performance enhances the benefits of Ethereum in August. Accumulated $3,950 million ticketsMeanwhile, Bitcoin faced a net exit of 303 million.
The power of Ethereum ETFs
A clear example of impulses in Ethereum investment products is represented by the ETF Ishares Ethereum Trust ETF (ETHA), managed by BlackRock.
Last week, the fund reached second in tickets out of more than 4,400 cited funds, but was outperformed only by the Vanguard S&P 500 ETF.
This success contributed to the price of ETH to reach historic maximum last week, breaking four years of records, Emphasise investors’ trust in products linked to Ethereum.
Because of its mechanism, the performance of these regulated products completely affects the price of ETH. If there is demand for them, the companies that manage these funds must acquire assets to support the stock. This will increase the price.
ETH’s optimistic perspective
Joseph Rubin, co-creator of Ethereum and director of Sharplink, expressed confidence in the future of eth’s prices.
There is no specific date to fulfill this forecast, Lubin attributes this forecast to growing institutional and corporate support. Furthermore, he said that ETH can overcome Bitcoin’s financial foundations and integrate the benefits of adoption.
The contrast between ETH and BTC in the investment flow reflects a change in preferences of great market actors. While Ethereum leverages the versatility and adoption in decentralized applications, Bitcoin faces challenges to maintain the domain of investment funds. For investors, these data suggest that ETH may be integrated as a panorama priority option, at least in the short term.
