Ethereum is witnessing substantial institutional interest with notable transactions highlighting ongoing accumulation.
Two multisignature wallets withdrew 4,502 ETH ($17.54 million) from Binance and staked the tokens with KelpDAO, making a profit of $517,000 (+3%) as ETH price rebounded above $4,000.
Justin Sun, founder of Tron, applied to withdraw 52,905 ETH ($209 million) from Lido Finance, revealing his accumulation of 392,474 ETH ($1.19 billion) with an estimated profit of $349 million (+29%).
Ethereum spot ETFs experienced record inflows, with net inflows of $855 million in a week, led by BlackRock's ETHA ETF with $523 million and Fidelity's FETH ETF with $259 million.