By Harry B - Crypto Speculator - 02-10-2021
Ethereum (ETH) is an open-sourced decentralised blockchain platform and home to the second-ranked cryptocurrency with the crypto coin ticker ETH. Ethereum is one of the larger blockchain networks that allows users to experience what seems like a never-ending ecosystem. Developers can build DApps and even create new crypto assets, some popular altcoins are Ether-based, where people can buy Shiba Inu (SHIB) and other cryptocurrencies.
According to a recent study, many institutional investors have been interested in buying Ethereum and other altcoins. The interest in Bitcoin (BTC) alternatives is said to have been growing gradually throughout institutions. However, Bitcoin investment assets are reportedly at their lowest share this year, with a decline of 7.8% in a September financial report.
A research study held by CryptoCompare stated that Ether products accounted for the majority of all assets under management within the month of September. According to the report, it appears that institutional investors may be trying to diversify their cryptocurrency portfolio.
Bitcoin often tends to be the more popular choice as it is the coin with the most potential and leads the pack of altcoins. However, altcoins are far more volatile and have a greater potential of bringing in even more money while also bringing in more risk. Reportedly, the Grayscale Ethereum Trust (ETHE) was the most traded asset in September, averaging $250 million in trading volume. The ETHE has seen a 29% increase since the month of August and has since dethroned the Grayscale Bitcoin Trust (GBTC).