Upcoming ETH Merge Sees Institutional Investor Sentiment Turn Positive

Ethereum (ETH) has been receiving more attention recently from professional investors. The general sentiment surrounding the token seems to be improving even amid the crypto bear market. The prevailing downward trend had brought a sinking wave to many prominent digital assets within the past few months. Some of them have lost more than half their values since 2022. Most crypto assets have been progressively dropping in value within the week, and ETH is no exception. The price of the token also plummeted on Wednesday trades. However, Ether sees a glimpse of light from the end of the tunnel. The change has a link to the long-awaited launch of its latest development, Merge, which is getting closer. The network has been preparing for an upgrade tagged the Merge. Its launch would transfer the blockchain from operating as a Proof-of-Work (PoW) to Proof-of-Stake (PoS). Related reading | Inflation Hits New 40-Year High, Will Bitcoin And Ethereum Plummet Again? The network has been running its final test for the upgrade to ensure its maximum functionality. If all seem to flow correctly, Ethereum will launch the upgrade before October. Positivity Around ETH Increases According to the weekly report from the CoinShares fund manager on asset fund flows, there’s a significant improvement for Ether-based products. The manager noted that for three consecutive weeks, there were positive inflows for Ether-based products. As a result,...