$ETH
Come and eat the latest melon!
According to monitoring data from Arkham, BlackRock's Ethereum exchange-traded fund (ETF), ETHA Ethereum ETF,
has done something that has shaken the entire cryptocurrency market — it withdrew 7,568 ETH all at once from the Coinbase Prime hot wallet address, worth approximately 19.39 million USD at current prices!
This is not a small amount; after all, ETH is the star currency of the cryptocurrency market. What is the deeper meaning behind BlackRock's significant move? Is it optimistic about ETH's future potential and preparing for a long-term layout? Or are there other strategic considerations?
Regardless, this action has already stirred up a storm in the crypto circle, and the market is closely watching ETH's upcoming trends, as well as what further actions BlackRock will take. If you are also interested in the cryptocurrency market, then hurry up and follow me to dig deeper into the story behind this!
