Ethereum ETF Excitement Leads Crypto Whales to Scoop Up 426,000 ETH, Price Rally Next?

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Bitcoinist 12h ago

Ethereum ETF Excitement Leads Crypto Whales to Scoop Up 426,000 ETH, Price Rally Next? - Bitcoinist

Quick Summary:

Ethereum whales also known as major investors are gradually returning to the market following recent positive developments around ETH, which demonstrates renewed optimism among institutional and retail investors around the crypto asset.

According to Burak, this spike in accumulation was identified after a price recovery from recent lows below the $3,000 threshold.

Bitwise’s ETHW, takes the second spot with over $265 million in net inflows, while Fidelity’s FETH saw a net inflow of about $214 million.