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CoinShares CSO: Institutional Interest in Ethereum at Unprecedented Levels
Summary: The chief strategy officer at investment firm CoinShares, Meltem Demirors, has revealed institutional investor interest in the second-largest cryptocurrency Ethereum (ETH) is at levels that have never been seen before. In an interview with Fox Business, Demirors said that last week, 80% of inflows, or about $175 million, went into Ethereum investment products and we ...
The chief strategy officer at investment firm CoinShares, Meltem Demirors, has revealed institutional investor interest in the second-largest cryptocurrency Ethereum (ETH) is at levels that have never been seen before.
In an interview with Fox Business, Demirors said that last week, 80% of inflows, or about $175 million, went into Ethereum investment products and we have never seen institutional interest like that before.
Demirors added that investors are allocating to cryptoassets other than bitcoin to reduce the risks associated with bitcoin.Their strategy would be to invest in other cryptoassets that “could have long-term potential to help diversify those balance sheets.”
By Amy Liu
Tags: CoinShares,Ethereum,Institutional Investor,Meltem Demirors
Link: CoinShares CSO: Institutional Interest in Ethereum at Unprecedented Levels [Copy]
