{"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":"<p>This shift has become evident over the past week as <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum&#8217;s price<\/a> <\/strong>recovered following a market downturn.<\/p>\n<p>According to <strong><a href=\"https:\/\/x.com\/intotheblock\/status\/1814240217903067451\">IntoTheBlock<\/a><\/strong>, substantial outflows have been observed, with approximately $126 million worth of ETH withdrawn from exchanges recently.<\/p>\n<p>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<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/xrp-whales-make-big-moves-amid-price-volatility\/\" title=\"XRP Whales Make Big Moves Amid Price Volatility\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/01\/xrp-ripple-coin-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">XRP Whales Make Big Moves Amid Price Volatility<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Despite a slight 1.48% dip in Ethereum&#8217;s price today, currently at $3,440, it remains up 11% over the past week.<\/p>\n<p>This decline has not diminished the overall positive outlook for ETH, which is poised for long-term growth with the expected influx of institutional investments from the new ETFs. The growing whale interest reflects optimism for further price increases in the near future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent data indicates that large-scale investors, commonly known as whales, are significantly increasing their holdings of Ethereum (ETH).<\/p>\n","protected":false},"author":3,"featured_media":37234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-133522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Whales Increase Holdings as ETF Anticipation Boosts Market Confidence<\/title>\n<meta name=\"description\" content=\"Recent data indicates that large-scale 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