tl;dr
The Ethereum Foundation wallet has transferred 92,500 ETH worth $294.9 million to a new wallet for the first time in nearly 6.6 years, drawing attention from the community. Meanwhile, the spot Ethereum ETF has seen significant outflows, with Grayscale Ether ETF experiencing over $346 million in outf...
Financial Highlights The Ethereum Foundation wallet has moved 92,500 ETH worth $294.9 million to a new wallet for the first time in nearly 6.6 years, drawing attention from the community. This move demonstrates the strategic management of the Ethereum foundation.
Meanwhile, the spot Ethereum ETF has seen significant outflows, with Grayscale Ether ETF experiencing over $346 million in outflows on Thursday, leading to a drop in total AUM to $7.5 billion.
On the other hand, BlackRock Ether ETF saw daily inflows of $72.9 million, and Fidelity’s FETH saw inflows of $34.3 million. Additionally, the Bitwise Ether ETF saw its banner rise on the New York Stock Exchange, with inflows of $17 million.
ETH partially recovered to $3,250 after a dramatic drop on Thursday. Bulls are eyeing a rally above $3,500 and targeting $4,000 and beyond for new all-time highs.
On the third day after launch, the spot Ethereum ETF has continued to see major outflows led by the Grayscale Ether ETF, which saw over $346 million in outflows on Thursday. The total AUM of ETHE has dropped to $7.5 billion, while the BlackRock Ether ETF saw daily inflows of $72.9 million and Fidelity’s FETH saw inflows of $34.3 million.
The Bitwise Ether ETF had its banner rise on the New York Stock Exchange, with inflows of $17 million.