{"id":133522,"date":"2024-07-19T22:10:05","date_gmt":"2024-07-19T19:10:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133522"},"modified":"2024-07-19T22:10:05","modified_gmt":"2024-07-19T19:10:05","slug":"ethereum-whales-increase-holdings-as-etf-anticipation-boosts-market-confidence","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-whales-increase-holdings-as-etf-anticipation-boosts-market-confidence\/","title":{"rendered":"Ethereum Whales Increase Holdings as ETF Anticipation Boosts Market Confidence"},"content":{"rendered":"

This shift has become evident over the past week as Ethereum’s price<\/a> <\/strong>recovered following a market downturn.<\/p>\n

According to IntoTheBlock<\/a><\/strong>, substantial outflows have been observed, with approximately $126 million worth of ETH withdrawn from exchanges recently.<\/p>\n

This substantial accumulation by whales comes in anticipation of the upcoming launch of spot Ethereum ETFs. On July 17, the SEC approved changes necessary for listing two such ETFs, from ProShares and Grayscale, on NYSE Arca Inc., though trading will start after S-1 filings are finalized.<\/p>\n