1,294 ETH flowed out of the Bitwise Ethereum ETF, and the outflow this week has exceeded 3,517 ETH
According to data monitored by Arkham, about eight hours ago, 1294 ETH worth $3.16 million flowed out of Bitwise's Ethereum exchange-traded fund ETHW ETF to an address starting with 0xed1a. Historical transactions show that Bitwise's Ethereum ETF has already had a outflow of 3,517.714 ETH this week, which have flowed into trading platforms such as Kraken and B2C2 Group.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Donald Trump's Son Eric Trump's Elon Musk Tactic! "After Ethereum, Bitcoin (BTC) Sharing Has Come Too!"
Eric Trump said that now is a good time to accumulate Bitcoin after Ethereum.
JPMorgan's Huge Cryptocurrency Survey! What Do Investors Think About Bitcoin (BTC) and Altcoins?
According to JPMorgan survey results, 71% of institutional investors stated that they do not plan to trade cryptocurrencies in 2025.
Why Ethereum (ETH) Cannot Rise? JPMorgan Analysts Explained, Warned for What Happened After!
JPMorgan warns that Ethereum could continue its poor performance.
SEC weighs proposal to change BlackRock's spot Bitcoin ETF to allow in-kind redemptions
The SEC asked for comments to be sent in 21 days after its filing is published in the Federal Register.Over a year ago when the SEC was considering whether to approve spot Bitcoin ETFs, firms were hashing out technical details over how the redemption process should work settling on cash, not in-kind.