German funds increase investments in Ethereum: How an ETF application influences the market

German funds increase investments in Ethereum: How an ETF application influences the market

According to a report by www.btc-echo.de,

Since mid-October there have been an increasing number of funds increasing their holdings of Ethereum (ETH). This was made clear in a recent report by Bytetree. What is particularly noticeable is that German funds are increasingly investing in crypto and ETH, as data from Coinshares shows. This has resulted in Ethereum almost completely negating this year’s outflows.

However, the largest ETH funds are not primarily found in the USA, but rather in other countries, especially in the form of Exchange Traded Products (ETPs). However, a comparison with ETHE, Grayscale's Ethereum trust fund, shows the urgent need for a product from an established US-based player.

The addition of ETH holdings by various funds as well as the submission of BlackRock's ETF application will most likely have an impact on the market. It can be assumed that the price of Ethereum will be influenced by this in the coming weeks and months. It can be assumed that the increased interest in ETH from funds could lead to increased demand and thus an increase in the price. The market dynamics could therefore change in the near future and lead to significant price movements. It therefore remains advisable to closely monitor the development of the Ethereum market in the coming weeks.