$ETH rises 4% as institutional investors gear towards Ether over BTC

Gate.io News: The price of the second largest cryptocurrency by market capitalization, Ethereum, has increased by 4% in the last 24 hours. This is coming after a report shows that Ether is now the largest single asset held by institutional investors in their portfolios followed by Bitcoin.

$ETH currently trades around $3,238 (ETH/USDT), with a market capitalization of $389.09B, and a 24-hour trading volume of $420.17M according to Gate.io trading chart.

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