Ethereum Foundation Sells $31.5M ETH Amid Strong ETF Inflows and Growing Institutional Demand
Main Idea
The Ethereum Foundation sold $31.5 million worth of ETH during a price surge, coinciding with record ETF inflows of $1 billion, reflecting strategic market timing and growing institutional demand.
Key Points
1. The Ethereum Foundation sold $31.5 million worth of ETH as Ethereum's price surpassed $4,500.
2. Record-breaking ETF inflows of $1 billion have fueled Ethereum's recent rally.
3. Corporate treasuries now hold approximately $9 billion in ETH, indicating strong institutional demand.
4. Despite the sale, Ethereum maintains a bullish outlook with prices above $4,690.
5. The sale highlights the Foundation's strategic approach amid growing institutional interest and ETF inflows.
Description
Ethereum Foundation sells $31.5M ETH during a strong rally as ETF inflows hit $1B and institutional demand pushes prices higher. The Ethereum Foundation sold $31.5 million worth of ETH during
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