Recently, multiple institutions are significantly increasing their holdings in Ethereum, frequently drawing market attention.
BlackRock has added 8,162 ETH through its Ethereum exchange-traded fund (ETHA) from Coinbase Prime's hot wallet, worth approximately $20.84 million, clearly demonstrating its optimism about Ethereum's future potential. Meanwhile, BTCS announced an increase of 3,450 ETH, bringing its total holdings to 12,500 ETH, and plans to continue focusing on Ethereum. Additionally, large institutions or whales have further acquired 49,533 ETH from Galaxy Digital, FalconX, and BitGo, worth about $210.68 million, bringing the total holdings' value to approximately $940 million.
The collective increase in investment from institutions not only injects upward momentum into Ethereum but also significantly boosts market confidence.
