Digital asset and cryptocurrency funds closed last week in positive territory for the fourth consecutive week. Overall, funds received a net $185 million in investments, with many altcoin funds investing in Bitcoin and Ether. On the other hand, there were also outflows from “short-Bitcoin” funds, showing investors' confidence in the market's bullishness.
Ether funds are showing signs of a comeback. Ether funds received $33.5 million in investments as the funds closed the week in positive territory for the fourth consecutive week. This marks the second consecutive week of inflows for Ether funds. Prior to these two weeks, Ether funds had experienced a total of 10 consecutive weeks of outflows.
Investors' faith in ETH ETFs is also growing with these investments. The investments that Ether funds have seen in the last two weeks show that the long-term downtrend has been broken and investor confidence is being rebuilt. This is considered a positive sign that Ether will attract more investors in the future.
