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The Merge is coming: Investors enter Ethereum to make easy money

Igor Grigorchenko

News editor

Aug 11, 2022 at 03:09

CoinShares, in its latest report, shows increased demand for Ethereum from large investors, who have been accumulating the asset for the eighth week in a row. It also recorded increased demand for Ethereum stacking. Investors don’t want to miss out on the opportunity to make a quick buck on Ethereum’s upcoming big event, The Merge.

A steady flow of money into the ETH world

Last week was the sixth consecutive week of positive inflows into cryptocurrency funds for institutional investors, and ETH funds are recording their eighth week of positive growth. This suggests a steady increase in demand for Ethereum throughout the summer.

As noted by CoinShares analysts, the interest of institutional investors in Ethereum is understandable — many are expecting the growth of the second cryptocurrency before the network’s historic transition to the Proof-of-Stake algorithm (PoS). In addition, it is almost a guaranteed opportunity to earn, given the already announced creation of forks (as well as their already confirmed listing on major exchanges).

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Source: CoinShares

Stacking boom on Ethereum

In addition to the massive inflow of new money into Ethereum, the second important trend is the growing popularity of Ethereum stacking, which becomes extremely profitable during The Merge. Stacking is good because you actually entrust the exchange to handle all of the technical aspects of the network upgrade on its side while ensuring you get a profit from the fork.

For example, Coinbase has already reported in its letter to shareholders that it considers stacking one of its priority products and an “early win” for the company. The exchange has a long-term goal of becoming the leading provider of stacking among cryptocurrency companies, which so far has been successful amid increased demand from investors in Ethereum.

Source: Coinbase / Custody


Our reminders

We are also closely following the Chinese project ETHPoW, which is going to fork Ethereum. We have compiled all the information on ETHPoW here. At the moment, the following major exchanges are ready to list this future altcoin: Poloniex, Bitmex, Huobi.

In our separate long read, we explain in detail how you can be guaranteed to make money on forks, which is exactly what Ethereum will soon give the opportunity to do. Exchange staking is the simplest alternative if you don’t want to bother with these technical details.

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