Ethereum-based investment products saw an outflow of $61.6 million in the past week.
CoinShares’ weekly digital asset fund flows showed that the major outflows during the past week came from Ether-based investment products. This week’s outflows mark the fifth consecutive week of outflows for the crypto market. A total of $61.6 million flowed out of the Ether-based products, signalling wavering institutional interest as the Merge approaches nearer.
As per reports, 84.6% of the Ethereum nodes are ‘Merge Ready’, and the Bellatrix upgrade was successfully implemented on the network on September 6.