Investors last week saw a buying opportunity for Ethereum, and threw more cash at funds built around the second-largest cryptocurrency than those for Bitcoin. What’s more, it’s the first time this year that weekly deposits into Ethereum-based funds have outpaced those into BTC products. 

Data from European asset manager CoinShares shows that speculators pumped $793 million into Ethereum-related investment products worldwide, last week.

CoinShares said that “Ethereum stole the show,” when investors saw a buying opportunity after the coin’s price dropped to nearly $2,100.

Some investors may have been motivated by a tweet from Eric Trump, the son of President Donald Trump, who wrote last Monday, “In my opinion, it’s a great time to add ETH.” The tweet earned some 13.6 million views. The original version of the tweet, which Trump edited, also included the sentence, “You can thank me later.”

ETH is now trading for $2,670, CoinGecko Go to Source to See Full Article
Author: Mathew Di Salvo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details