Summary
- "Glassnode recently stated that institutional investors are moving to realize profits on Ethereum."
- "A total of 94,000 ETH has reportedly flowed out from the U.S. Ethereum Spot Exchange-Traded Fund (ETF)."
- "As Ethereum surpassed $4,000, it was analyzed that institutional holders are realizing profits."
An analysis has emerged indicating that institutional investors are realizing profits on Ethereum (ETH).
On the 11th (local time), Glassnode stated through X (formerly Twitter), "The U.S. Ethereum Spot ETF saw a net outflow of 94,000 ETH," adding, "This marks the first weekly net outflow in three months."
They further analyzed, "As Ethereum surpassed $4,000, institutional holders have begun taking profits."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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