Today, Paradigm Capital made a significant deposit of 39,068 ETH, valued at approximately $129 million, into the custody platform Anchorage Digital.

This marks their largest ETH deposit into Anchorage Digital in the past three months. Currently, Paradigm Capital holds only 8,373 ETH, worth about $27.5 million, suggesting a substantial shift in their holdings.

Paradigm Capital deposited 39,068 $ETH ($129M) to the custody platform Anchorage Digital 8 hours ago.

Notably, this is their largest $ETH deposit into #AnchorageDigital in the past 3 months.

Currently, Paradigm Capital only has 8,373 $ETH ($27.5M) left.

Follow @spotonchain and… pic.twitter.com/apj6S5WoRW

— Spot On Chain (@spotonchain) July 31, 2024

In another notable move, the Ethereum Foundation sold 150 ETH for 487,260 DAI. This transaction is part of a larger trend in 2024 where the Foundation has sold 2,516 ETH for a total of 7.4 million DAI, averaging around $2,940 per ETH. Of this total, 250 ETH, valued at $826,000, was sold in the past eight days alone.

The Ethereum Foundation sold 150 $ETH for 487,260 $DAI again ~10 mins ago.

The Ethereum Foundation has sold 2,516 $ETH for 7.4M $DAI at ~$2,940 in 2024 so far, of which 250 $ETH ($826K) was sold in the past 8 days.

Follow @spotonchain for more updates on the #EthereumFoundation… https://t.co/igbpgzzimu pic.twitter.com/asvnrmNtgU

— Spot On Chain (@spotonchain) July 31, 2024

In terms of Ethereum spot ETFs, there was a positive shift with a net inflow of $33.7 million reported yesterday, ending a streak of net outflows over the previous four days. Meanwhile, Grayscale’s ETHE experienced a significant outflow of $120 million, contributing to a historical net outflow of $1.84 billion. Conversely, BlackRock’s ETHA saw a notable single-day inflow of $118 million.

Ethereum spot ETF had a net inflow of $33.6683 million yesterday, the first net inflow after net outflows in the past 4 days. Grayscale ETF ETHE had a single-day outflow of $120 million, and the current historical net outflow of ETHE is $1.844 billion. BlackRock ETF ETHA had a… pic.twitter.com/T9beW4MRsT

— Wu Blockchain (@WuBlockchain) July 31, 2024

These movements indicate a dynamic period for Ethereum and its associated financial products. Paradigm Capital’s large deposit and the Ethereum Foundation’s ongoing sales reflect shifting strategies among major players. Meanwhile, ETF flows suggest fluctuating investor sentiment and market conditions.

Overall, these developments provide insight into the current landscape of Ethereum investments and custodial trends, highlighting both institutional interest and strategic asset management.

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

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

Image Source: lightboxx/123RF

Similar to Notcoin - Blum - Airdrops In 2024

origin »

106 +