Institutional investors have significantly increased their Ethereum holdings, with 11 wallets accumulating a total of 295,861 ETH, valued at approximately $1.19 billion. This accumulation occurred on Thursday, highlighting a strong interest in Ethereum from major players despite ongoing market volatility.
The funds were sourced from prominent platforms such as Kraken, Galaxy Digital OTC, BitGo, and FalconX. This move underscores a renewed confidence in Ethereum's potential among large investors, as they continue to expand their cryptocurrency portfolios.
Institutional Ethereum Holdings Surge to $1.19 Billion
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