Institutions purchased $4.7 billion in ETH in the past week, and the market capitalization of stablecoins increased by $6.72 billion.

According to a report by Lookonchain, institutional capital poured in over the past week, purchasing a total of $4.7 billion worth of Ethereum (ETH). The market value of stablecoins increased by $6.72 billion, of which USDT and USDC on Ethereum increased by $4.46 billion.