Ether Accumulation Heats up: $882M in ETH Snapped up by Bitmine, Whale

Ether accumulation heats up: $882M in ETH snapped up by BitMine, whale

Institutional appetite for Ether grows Institutional demand for Ether is accelerating, with two entities acquiring nearly $882 million worth of ETH in recent days. Blockchain data tracked by Lookonchain shows a mix of over-the-counter deals and exchange withdrawals driving the accumulation. Public Bitcoin mining firm BitMine Immersion Technology led the charge, securing 106,485 ETH worth about $470.5 million within 10 hours. This purchase increa…

BlackRock’s Continued Ethereum Accumulation Suggests Growing Institutional Interest Amid Market Volatility

BlackRock’s iShares Ethereum ETF has seen significant inflows, totaling $519 million on August 14, despite a slight net outflow across all funds. This reflects strong institutional demand for Ethereum, positioning

BlackRock Still Buying Ethereum, Will ETH Price Reverse Trend?

Institutional investors seem to bet on Ethereum

Institutional Investors Seize Ethereum Dip with Nearly $900 Million in New Buys

The post Institutional Investors Seize Ethereum Dip with Nearly $900 Million in New Buys appeared on BitcoinEthereumNews.com. Several major institutional investors are seizing the recent dip in Ethereum’s price to expand their holdings, signaling a focus on long-term exposure rather than short-term gains. This activity suggests that the institutions are positioning for long-term exposure rather than short-term gains. Ethereum’s Market Sentiment …

Mysterious Whale or Institution? Who’s Snapping Up ETH?

TL;DR After a slow first half of the year, Ethereum’s native token has become a rock star in the past few months as multiple companies, whales, and different types of investors have started to accumulate it. Lookonchain has reported a new mysterious entity that has joined the aforementioned pack with substantial purchases. Aside from #Bitmine, another mysterious institution has been buying $ETH. Over the past 4 days, the mysterious institution…

BitMine, Mystery Whale Snap Up $882M in Ether Amid Institutional Buying Wave

Institutional appetite for Ether shows no sign of slowing, with blockchain data revealing nearly $882 million in ETH purchases by two entities as of late. Public Bitcoin mining firm BitMine Immersion Technology led the charge, scooping up 106,485 Ether (ETH) worth roughly $470.5 million over the past 10 hours. The miner’s latest haul brings its total holdings to 1,297,093 ETH, valued at about $5.75 billion, according to transactions tracked by L…