Ethereum Whales Go On Buying Spree Amidst Supply Shock Fears

2024-8-27 15:01

Digital asset investment products experienced a significant surge in inflows last week, totaling $533 million, the largest in five weeks, according to CoinShares.

This influx was largely driven by Bitcoin, which saw inflows of $543 million, while Ethereum faced outflows of $36 million.

According to CoinShares, digital asset investment products saw inflows totaling $533 million last week, the largest inflow in five weeks. The surge came after Powell's speech. Bitcoin saw inflows of $543 million. Ethereum saw outflows of $36 million.https://t.co/zWwgUiGZtI

— Wu Blockchain (@WuBlockchain) August 26, 2024

However, a closer look at Ethereum’s ecosystem reveals a fascinating trend. The percentage of ETH held on centralized exchanges has hit an all-time low, sparking concerns of a potential supply shock. In response, Ethereum whales have aggressively accumulated over 200,000 ETH in the past 96 hours, adding approximately $540 million to their holdings.

#Ethereum whales have accumulated over 200,000 $ETH in the last 96 hours, adding approximately $540 million to their holdings! pic.twitter.com/is9LqpQAS9

— Ali (@ali_charts) August 26, 2024

Ethereum Spot ETFs Saw Notable Net Outflow Of $44.54 Million Last Week 

Meanwhile, Ethereum spot ETFs saw a net outflow of $44.54 million last week, with Grayscale’s ETHE experiencing a significant outflow of $118 million. In contrast, BlackRock’s ETHA and Fidelity’s FETH saw inflows of $26.77 million and $22.94 million, respectively. The total net asset value of Ethereum spot ETFs now stands at $7.652 billion.

Last week (August 19 to August 23, EST), Ethereum spot ETFs had a net outflow of $44.54 million. Grayscale ETF ETHE had an outflow of $118 million, BlackRock ETF ETHA had an inflow of $26.77 million, and Fidelity ETF FETH had an inflow of $22.94 million. The total net asset value…

— Wu Blockchain (@WuBlockchain) August 26, 2024

As Ethereum’s supply dynamics continue to shift, investors are closely watching the potential implications of a supply shock. Will this trend continue, and what does it mean for Ethereum’s future prospects? Only time will tell, but one thing is certain – Ethereum whales are making their move.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: ximagination/123RF // Image Effects by Colorcinch

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3119.92 (-0.34%)
Объем 24H $35.177b
Изменеия 24h: -0.02 %, 7d: -2.73 %
Cегодня L: $3039.69 - H: $3145.41
Капитализация $375.725b Rank 2
Цена в час новости $ 2583.1 (20.78%)

million inflows ethereum coinshares influx five weeks

Источник: nulltx.com

million inflows → Результатов: 126


Cryptocurrency Inflows Record A Five-Week High; XRP Captures Institutional Interest

Inflows into digital asset investment products totaled $233 million last week, the largest since early March. It is, however, nowhere near the record inflow seen in late January. CoinShares, one of the largest crypto asset managers, in its weekly report wrote, “We believe this recent renewed appetite for digital assets is due to a combination […] The post Cryptocurrency Inflows Record A Five-Week High; XRP Captures Institutional Interest first appeared on BitcoinExchangeGuide.

2021-4-21 18:48


Ethereum Fund Inflows Nearly Double Over Last Week as Investors Switch Focus: CoinShares

Last week’s highlight has been Ethereum than Bitcoin as fund flows doubled from $87 million to $160 million, as per CoinShares weekly fund flow report. While Bitcoin has captured institutional investors' attention, high net worth individuals, family offices, and insurance companies, Ethereum is also trying to follow the leading cryptocurrency.

2020-12-15 17:30


Фото:

Bitcoin Funds Attracted $4 Bln in Inflows in 2020, CoinShares AUM Surges to a Record $15 Bln: Report

Digital asset manager CoinShares saw its assets under management (AUM) rising to an all-time peak of $15 billion, which were standing at just $2.57 billion at the end of 2019. This surge is the result of institutional investors pumping the second-highest amount on record, $429 million, into the company’s crypto funds, for the week ending […] The post Bitcoin Funds Attracted Bln in Inflows in 2020, CoinShares AUM Surges to a Record Bln: Report first appeared on BitcoinExchangeGuide.

2020-12-9 21:59


Фото:

Here’s Why the PayPal News May Signal a Global Bitcoin “Hash War” is Looming

The crypto sphere was lit ablaze by news that PayPal and Venmo are both looking to roll out direct crypto trading capabilities to their users This comes as their competitor, CashApp, sees massive revenue inflows from its Bitcoin sales This is certainly a sign of growing retail adoption, and will place Bitcoin in front of the platform’s 325 million users scattered across the globe One prominent Bitcoin advocate is now noting that this marks the […]

2020-6-24 02:00


Фото:

Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust

The first quarter of 2019 was bullish for the digital asset management firm Grayscale Investments and the company is gearing up to have another run. According to a first quarter “Digital Asset Investment Report” from the company, published on May 13, 2019, product inflows from Grayscale Investments grew by 42 percent over Q4 2018.

2019-5-15 19:23


Hedge Fund Bitcoin Buying Spree Accelerated 2400% in Q1: Grayscale

By CCN: The bitcoin price enjoyed a wildly-bullish start to 2019, and the flagship cryptocurrency’s winning streak shows no signs of letting up anytime soon. Hedge Funds Headline 42% Increase in Grayscale Inflows While cryptocurrency remains a retail-dominated market, data from investment firm Grayscale reveals that institutional investors continue to ramp up their exposure to the asset class.

2019-5-14 20:20


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Shows Resilience As Retail Investors Stay Confident Amid Price Surge

Ethereum ($ETH) has recently experienced a notable price surge, yet retail investors are holding firm, signaling strong confidence in the cryptocurrency’s long-term growth prospects. Despite market fluctuations, low exchange inflows and a near-breakeven SOPR (Spent Output Profit Ratio) indicate that investors are choosing to hold onto their positions rather than […]

Bitcoin and Ethereum See Record Outflows As Whale Movements Signal Profit-Taking

This week, Bitcoin ($BTC) and Ethereum ($ETH) experienced massive outflows from exchanges, with net outflows for both exceeding $1 billion—the highest levels since May 2023. These movements indicate heightened investor activity, as traders move assets off exchanges, often a signal of long-term holding or preparation for decentralized applications. Both $BTC […]

sUSDe Integration On Aave Sparks New Wave Of Adoption And Whale Activity

The proposal to integrate sUSDe as collateral on Aave has successfully passed, marking a significant milestone for the DeFi ecosystem. This integration enables users to utilize sUSDe as collateral on both the main Ethereum and Lido instances, unlocking the potential to borrow billions of dollars in stablecoins against it. Pleased […]