Ethereum

Bitcoin ETF

BlackRock

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Popular blockchain tracking platform Whale Alert, which tracks down large cryptocurrency transfers, has spotted several massive <a href="https://u.today/ethereum-ico-wallet-transfers-millions-in-eth-as-ethereum-turns-9" rel="noopener noreferrer nofollow">ETH chunks</a> that have been moved in the last 20 hours.
More than half a billion worth of U.S. dollars has been shoveled by anonymous whales, while Ethereum ETFs continue to attract millions in inflows.
<h2 id="794-million-ethereum-on-move">794 million Ethereum on move</h2>
The aforementioned data source has detected massive Ethereum transfers, one of which could be called a huge one, and two which could be considered just very large ones. The biggest transfer on this list carried 143,379 ETH – the equivalent of $470,075,827.
The “just very large ones” moved 49,115 and 39,067 ETH, which are equal to $161,033,875 and $128,938,323. In total, the four transfers, whose details were shared by Whale Alert, shoveled slightly more than $794 million worth of Ethereum.
A total of 49,115 ETH were moved from Genesis Trading to an anonymous wallet. Each of the rest of these massive ETH transfers were made from one unknown wallet to another.
<blockquote>
 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 143,379 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a> (470,075,827 USD) transferred from unknown wallet to unknown new wallet<a href="https://t.co/5069N7iEkJ" rel="noopener noreferrer nofollow">https://t.co/5069N7iEkJ</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1818361571980067298?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 30, 2024</a>
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<h2 id="blackrock-eth-etf-sees-118-million-inflow">BlackRock ETH ETF sees $118 million inflow</h2>
Meanwhile, the recently launched spot Ethereum exchange-traded funds continue to see inflows from investors. All of them, that is, except for Grayscale – this company’s <a href="https://u.today/grayscale-bitcoin-trust-shares-plunge-as-outflows-continue" rel="noopener noreferrer nofollow">ETFs (based on both Bitcoin</a> and Ethereum spot prices) continue to see tremendous withdrawals.
The largest inflow was witnessed by the BlackRock’s ETHA ETF – it sucked in roughly $118 million. The gap between it and the second largest ETF deposit was massive – Fidelity’s FETH received $16.4 million and Grayscale Mini ETF got $12.4 million. In the meantime, the major Ethereum ETF of Grayscale (ETHE) lost $110 million.
As for BlackRock's Bitcoin ETF IBIT on Tuesday, it was the only spot ETF that saw any inflows at all - $74.9 million, according to the analytics X account @spotonchain.
<blockquote>
 🚨 US <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETF</a> 30 JUL: 🔴$18M to <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> and 🟢$34M to <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>🌟 BTC ETF UPDATE (final): -$18M• The net flow turned slightly negative after 4 days of being positive.• <a href="https://twitter.com/hashtag/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BlackRock</a> (IBIT) remains the only BTC ETF that had inflows in the past 2 days.🌟 ETH ETF UPDATE (final): +$34M… <a href="https://t.co/AK1p6O40EB" rel="noopener noreferrer nofollow">pic.twitter.com/AK1p6O40EB</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1818499016180875452?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 31, 2024</a>
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Despite the successful spot Ethereum ETF approval by the SEC recently, it has hardly impacted the Ethereum price. At the time of writing, ETH is changing hands at $3,313 after facing a 12% plunge last week. Since then, Ethereum has managed to recover 6.64% from that loss.

794 Million in ETH in 20 Hours - What's Happening?

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