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Ethereum price rebounds after weeks of outflows
Ethereum-based investment products have rebounded after three consecutive weeks of outflows, attracting approximately $196.5 million in new investments. This indicates a short-term renewed investor interest in assets linked to Ethereum.
However, when looking at the year to date, Ethereum is still one of the few major assets seeing net outflows, with total withdrawals reaching $130 million so far.
Meanwhile, Bitcoin stands out with cash inflows of about $1.9 billion this year, accounting for 83% of the total inflows into cryptocurrency investment products, reinforcing its leading position in the market.