Institutional Investors Turn Bullish towards Ethereum as Merge approaches
As per coinshares report Ether-based products saw inflows for the 3rd consecutive week. There was an inflow of $7.6 million for institutional Ether funds.
The inflows suggest a modest turnaround in sentiment, having endured 11 consecutive weeks of outflows that brought 2022 outflows to a peak of US$460M.
The change sentiment is also for the Merge is a highly awaited Ethereum upgrade that switches from proof-of-work to proof-of-stake as the consensus method which is to happen this year.
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