Ethereum ETF swallows 10 million coins, is Wall Street's wallet fatter than miners'? Brothers, Ethereum has truly been "fattened up" by institutions this time! Data shows that the cumulative holdings of reserve companies and ETFs have surpassed 10 million ETH. The situation behind this looks a bit like this: miners are working hard to mine, retail investors are cautiously hoarding, and in the end, a big chunk is directly swallowed by Wall Street ETFs. What does this mean? To put it simply: ETH has been completely institutionalized. In the past, people joked that "ETH is the sentiment of programmers," but now Wall Street is directly packaging that sentiment into financial products with cash. This move with ETFs not only has a clear locking effect, but also significantly reduces the circulating chips of ETH, which may lead to price fluctuations being increasingly dominated by capital. What's even more interesting is that these 10 million coins are not just casually stored in cold wallets, but are openly touted as being "responsible for investors." The logic behind institutional buying is quite simple: if the Bitcoin ETF succeeds, why wouldn't the ETH ETF? When big money believes that "ETH is undervalued," it could indeed be the ultimate signal from the market. In summary: Ethereum's current identity has evolved from being a "programmer's faith" to a "darling of capital." Who wants to buy the dip in the future? First, ask if the ETF is willing to let go!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#机构以太坊储备破1000万枚
Ethereum ETF swallows 10 million coins, is Wall Street's wallet fatter than miners'?
Brothers, Ethereum has truly been "fattened up" by institutions this time! Data shows that the cumulative holdings of reserve companies and ETFs have surpassed 10 million ETH. The situation behind this looks a bit like this: miners are working hard to mine, retail investors are cautiously hoarding, and in the end, a big chunk is directly swallowed by Wall Street ETFs.
What does this mean? To put it simply: ETH has been completely institutionalized. In the past, people joked that "ETH is the sentiment of programmers," but now Wall Street is directly packaging that sentiment into financial products with cash. This move with ETFs not only has a clear locking effect, but also significantly reduces the circulating chips of ETH, which may lead to price fluctuations being increasingly dominated by capital.
What's even more interesting is that these 10 million coins are not just casually stored in cold wallets, but are openly touted as being "responsible for investors." The logic behind institutional buying is quite simple: if the Bitcoin ETF succeeds, why wouldn't the ETH ETF? When big money believes that "ETH is undervalued," it could indeed be the ultimate signal from the market.
In summary: Ethereum's current identity has evolved from being a "programmer's faith" to a "darling of capital." Who wants to buy the dip in the future? First, ask if the ETF is willing to let go!