Editor's PiCK
"Ethereum's institutional demand isn't over yet... strong buying pressure"
Suehyeon Lee
Summary
- It is analyzed that institutional demand for Ethereum (ETH) remains strong.
- Leading Ethereum Digital Asset Trusts (DATs) have recently acquired a total of 795,000 ETH, securing over 2% of the total supply.
- BMNR has raised an additional $2 billion, bringing its total ETH purchasing capacity to $24.5 billion.
An analysis has indicated that demand for Ethereum (ETH) remains strong.
On the 18th (local time), David Duong, Head of Research at Coinbase, stated, "Since early August, leading Ethereum Digital Asset Trusts (DATs) have purchased a total of 795,000 ETH (worth approximately $3.6 billion), securing over 2% of the total supply."
Duong added, "In particular, BMNR raised an additional $2 billion, bringing its total ETH purchasing capacity to $24.5 billion," highlighting that such companies could continue making large-scale additional acquisitions going forward.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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