BlackRock’s ETHA Amasses Nearly $900M Days After Launch
BlackRock’s spot Ether exchange-traded fund, also known as ETHA, has increased in its total inflows to about $869.8 million since its launch on July 23. Investors sought to capitalize on Ether’s 18% price decline on August 5, marking the third-largest flow day for the iShares Ethereum Trust, according to Farside Investors. According to Nate Geraci, […]
Justin Sun Buys Tens of Millions in Ethereum During Market Dip
Justin Sun bought nearly 15,000 ETH for $36 million, increasing his total holdings to about 392,474 ETH despite recent price drops. In a recent transaction, Justin Sun, the founder of Tron, acquired nearly 15,000 ETH, a substantial increase in his Ethereum holdings. Spot On Chain, a blockchain analytics firm, has reported that Sun has invested […]
US Government Moves 300 ETH Tokens — Arkham Intelligence
The onchain analytics firm transferred the 300 ETH tokens from a wallet designated as “Noman Seleem Seized Funds.” On August 5, a wallet address ending in “d46” was transferred 300 Ether, estimated to be worth $699,000, from a wallet believed to be under the custody of the United States government, according to Arkham Intelligence. Additionally, […]
Justin Sun Suggests Significant Ethereum Selloff Amid ETF Outflow
Tron DAO founder Justin Sun transferred a significant portion of his ETH reserve from Lido to Poloniex, sparking Ethereum selloff rumors. Justin Sun, the founder of Tron DAO, has hinted at a major Ethereum (ETH) selloff following a series of transactions that have garnered significant attention. Sun unstaked a sizable portion of his staked Ethereum reserve. Moreover, he transferred a portion […]
Spot Ether ETFs See $113M Outflows on Second Day of Launch
On their second trading day, Grayscale’s Ethereum Trust was the primary cause of the $113.3 million net outflows experienced by US-based spot Ether exchange-traded funds (ETFs). On the second day of trading, seven of the eight “newborn” spot Ether ETFs experienced net inflows. The Bitwise Ethereum ETF (BITW) and the Fidelity Ethereum Fund (FETH) were […]