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CoinShares: Institutional investors moving from Ethereum to L1 altcoins

  • Institutional investors prefer level one altcoins and have been moving their capital from ETH.
  • The latest report from CoinShares shows that the outflow from ETH is $16.9 million.

Despite the possibility of a strong rise in U.S. interest rates, and the subsequent fall in the S&P 500 index, which could lead to volatility in the cryptocurrency market, over the past week,
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