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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.

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