CRYPTOCURRENCY : Ethereum (ETH) drew in a large share of inflows, with both stablecoins and ETF buying. The activity increased on a weekly basis as ETH dipped to a lower range, and signaled that there were funds available to “buy the dip.”
ETH traded at $2,641.81, after another day of relative strength for Bitcoin (BTC), down from its recently recovered level above $2,800.
In the case of Ethereum, buying was slightly more active than the acquisition of BTC as traders started accumulating more tokens near the lower price range. ETH drew in $793M on a weekly basis, while BTC purchases reached $407M.
