Ethereum Foundation Sells $31.5M ETH Amid Strong ETF Inflows 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.