Ethher Investment Products (ETH), Ethereum Cryptocurrencies Worldwide, registered net exit of $912 million last week.
These outputs They remained constant for that period and influenced a large group of emitters of products cited in the stock market (ETP), including Ether cash ETFs cited in the US. The latter faced an exit of $788 million without the ETF registering a net ticket.
Despite this set-off, investment company Coinshares reports that tickets accumulated so far in ETH-based investment funds have reached $11.2 billion, reflecting their persistent interest in long-term cryptocurrency.
The performance of these investment products, particularly cash ETFs, directly affects the price of ETH. These funds will buy and maintain ETH to support actions and become a key component of price dynamics. When investors withdraw capital, managers are forced to sell a portion of their ETH holdings to cover redemption, allowing them to increase offers in the market. Without a request to compensate for this movement, bear pressure on the value of the asset is generated.
This was reflected in the price of ETH Stagnized between $3,300 and $3,400 a weekAfter reaching a new historic maximum in August last year, surpassing the November 2021 record.
Meanwhile, Bitcoin Investment Products (BTC) registered an anti-performance last week with a $524 million net ticket. This suggests Bitcoin’s preference for cryptocurrency, even in the context of uncertainty.
In a wider panorama, Digital assets investment products faced a total exit of $352 million last week. The move occurred despite hopes for future cuts in US interest rates, as reported by encryption.
Federal Reserve Chairman Jerome Powell is scheduled to announce the measure next Wednesday. Fee reductions make it easier to access loans and inject liquidity that could boost assets like Action, Bitcoin and other cryptocurrencies.
