Oh, dear! A certain Ethereum whale has recently been spotted in the market, selling off a whopping 4,120 ETH, worth approximately $12.2 million. One can only imagine the splash it must have made!
But fear not, for this selling activity comes amidst a growing excitement in Ethereum’s institutional investment landscape. According to the ever-reliable SoSoValue, spot ETH ETFs attracted a staggering $205 million in net inflows yesterday, marking the sixth straight day of positive momentum. Quite the impressive streak, wouldn’t you agree?
Leading the charge was BlackRock’s ETHA, which saw a delightful $137 million in daily net inflows, bringing its historical total to a staggering $6.29 billion. Grayscale’s Ethereum Mini Trust followed suit with a respectable $25.5 million, bringing its total inflow to a modest $824 million. Quite the competition, wouldn’t you say?
Despite this on-chain selling pressure, Ethereum continues to draw in institutional capital, showcasing a rather complex tug-of-war between long-term adoption and short-term profit-taking. A veritable rollercoaster ride for the cryptocurrency enthusiasts, wouldn’t you agree? 🎢
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2025-07-13 23:06