Recent data shows that despite active sales from large holders, Ethereum continues to attract the attention of institutional investors.
Sale of ETH Among Institutional Investors
The recent sale of 4,120 ETH amounted to approximately $12.2 million. This move occurs amid the growing interest in institutional investments in Ethereum. Such sales may indicate short-term profit-taking behavior from large holders.
Increase in ETF Inflows for Ethereum
According to data from SoSoValue, yesterday, spot ETH ETFs attracted $205 million in net inflows, marking the sixth consecutive day of positive momentum. Leading this surge was BlackRock's ETF, which gathered $137 million in one day, increasing its total to $6.29 billion. Grayscale's Ethereum Mini Trust followed with $25.5 million, bringing its total inflow to $824 million.
Long-Term ICO Trends and Short-Term Profits
Despite on-chain selling pressure, Ethereum continues to draw institutional capital. This highlights a complex balancing act between long-term adoption and short-term profit-taking. The interest in Ethereum from institutional investors indicates that long-term prospects remain positive.
Thus, even amid significant ETH sales, institutional investments in Ethereum remain high, signaling a continued growth in interest towards this cryptocurrency.
