Crypto Investors Yanked Money From ETH Products Despite a Smooth Ethereum Merge
Amid all the hype surrounding last week’s major Ethereum overhaul known as the Merge, investors remained cautious on the blockchain’s native token ETH – and their caution was vindicated as the cryptocurrency tumbled following the event. Investment products tied to ETH saw a fourth straight week of outflows in the period ended Sept. 16.
ETH’s price has fallen significantly since the Merge – which has been heralded as an event that could lure more large investors to the ecosystem – even though the perilous upgrade went smoothly. About five days before the transition took place on Sept. 15, ETH approached $1,800. It sank below $1,300 today. ETH’s bigger rival, bitcoin (BTC), broke a five-week streak of outflows as investors added a net $17.4 million.
Source
https://t.me/Cash_Blockchain_News
