World Liberty Financial, a project linked to former US President Donald Trump, continues to increase its Ethereum reserves.
Acquisition of Ethereum
According to a post by Lookonchain on X, World Liberty Financial acquired 3,473 ETH at an average price of $3,743, totaling $13 million. The assets were acquired through multiple wallets, and some appear to have been staked.
Total Holdings of World Liberty Financial
Following this purchase, the project now holds 73,616 ETH. With the current Ethereum price at $3,702.76 at the time of writing, the total value of World Liberty Financial's assets exceeds $272.5 million. The average purchase price of their ETH was $3,272, resulting in an unrealized profit of over $33 million.
Institutional Trends in Cryptocurrency Markets
These actions occur amidst increasing institutional interest in Ethereum. Data from Farside Investors shows that Ethereum ETFs continued to receive inflows, totaling $533.8 million in just one day. Meanwhile, Bitcoin funds are experiencing outflows, totaling over $199 million since the beginning of the week.
Thus, World Liberty Financial actively invests in Ethereum amid rising interest from institutional investors, which may indicate changing trends in the cryptocurrency market.
