FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Crypto

The Fintech Files: Crypto funds dumped Ethereum after the Merge – here’s why

The token is 60% down for the year – despite its supposedly era-defining software update

By

Alex Daniel

If a token is regulated as a security – like a stock, as suggested by SEC chair Gary Gensler – it becomes far more costly and complex to run
If a token is regulated as a security – like a stock, as suggested by SEC chair Gary Gensler – it becomes far more costly and complex to run Photo: Tom Williams/Getty Images

The Ethereum Merge might be complete, but it’s not caused investors to pile into the asset as much as some might have hoped.

Ether saw outflows of $2.2m last week, part of a bigger $361m dumping of the asset in the first three quarters, according to CoinShares research.

WSJ Logo
SEC’s Grewal Moves to Wall Street After Turning Tough as Its Overseer

SEC’s Grewal Moves to Wall Street After Turning Tough as Its Overseer

U.K. Inflation Falls to Below BOE Target, Setting Up Rate Cut

U.K. Regulator Starts Review Into Motor and Home Insurance Market

Don’t Chase China’s FOMO Rally