(Business Insider) The London hard fork upgrade saw holdings of ether and ether-related products rise to the highest since May.
CoinShare’s data shows that Ether products under management were 12,651, an equivalent of 26% of the total crypto assets under management with a $2.8 million inflow.
Ether has reportedly risen 11% to almost $3,150 since its London hard fork upgrade on August 5.
Analysts have pointed out that investors are shifting focus to environmentally friendly coins with the progress to ETH 2.0, giving Ethereum a plus.
Comparably, bitcoin gained 7% to trade at $45,900, with an outflow of $33 million last week, a decline for five consecutive weeks.
ETHUSD is up +2.77%.
