Ethereum

<ul><li>Kaiko reports Ethereum spot ETFs launched with a $1B trade volume on the first day, showing strong investor interest.</li><li>Despite the ETF surge, ETH trading volume on centralized exchanges stayed stable, indicating a different investor base.</li><li>IntoTheBlock reveals whales accumulated 112.9k ETH worth $390M, highlighting strategic moves amid short-term price dips.</li></ul>Renowned analytical platform Kaiko <a href="https://x.com/KaikoData/status/1816013561958679020" rel="noopener noreferrer nofollow">highlighted</a> a significant event in the Ethereum space in a recent X post. The launch of Ethereum spot ETFs generated over $1 billion in trade volume on its first day, indicating strong investor interest.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXddSnyk2SA2mguvRLAZP5sJufSev_p1wDzQN3ucL2j9ARhxkkYeVwpm3v_o1NL0ecl_8YjFQzvcFUKrWHikbr01guMAATuoxTzn-tMM-P4NXA6R4uySgVeK5F2OAuakZwgJcCBze3tj-BGBxDEG5hUXv5I?key&#61;zyNKDx5bJ6iMVzNFyWstCA" />Despite this impressive start, ETH trading volume on centralized exchanges remained relatively stable, showing little to no significant increase. This suggests that the new ETFs appeal to a different set of investors, separate from the usual centralized exchange traders.<a href="https://cryptotale.org/ethereum-spot-etfs-launch-with-1b-volume-as-whales-accumulate-112-9k-eth/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ethereum Spot ETFs Launch with $1B Volume as Whales Accumulate 112.9k ETH

CryptoTale

Other articles published on Jul 25, 2024

BlackRock Dominates Ethereum ETF Market

7 Best Crypto Presales to Invest in Before Prices Rise as Bitcoin Breaks the $67k Barrier

Mumu The Bull Price Prediction: MUMU Soars 56%, But Traders Rush To Buy This AI Meme Coin Before ...

Top Cryptocurrencies to Invest in Now July 25 – Pyth Network, Mantle, Jito

Mt. Gox Users Report Surge in Unauthorized Login Attempts

Why Ethereum’s ETF launch didn’t stop its price crash

Join our free newsletter for daily crypto updates!