The first thing that the market and investors follow these days is Bitcoin (BTC) The second halving is a possible one in May. spot Ethereum ETF confirmation is coming.
At this point, some analysts said in May that the SEC ETH While they state that their ETF may be approved, some others state that they are certain that the approval will not come in May, but may come within the year.
Famous billionaire while ETH ETF approval issue remains unclear Ethereum move came from Mike Novogratz’s company Galaxy Digital.
According to Lookonchain’s post, Galaxy Digital purchased a total of 26,000 ETH from leading cryptocurrency exchanges Coinbase Prime and Binance.
It was stated that the value of these withdrawn Ethereums was approximately 76.2 million dollars.
“On-chain data shows GalaxyDigital! has withdrawn 26K ETH ($76.2 million worth) from CoinbasePrime and Binance in the last 12 hours.”
On-chain data shows that #GalaxyDigital withdrew 26K $ETH($76.2M) from #CoinbasePrime oath #Binance in the past 12 hours.https://t.co/oPJdrwWcwS pic.twitter.com/b80Lr2DqzM
— Lookonchain (@lookonchain) February 20, 2024
This ETH move, made by cryptocurrency supporter Novogratz’s company at a time when Ethereum ETF applications were on the agenda, increased investors’ expectations for an increase in the ETH price.
nowadays ETH’The demand for is increasing. Because the giant whale, which has been accumulating Ethereum since the beginning of February, recently purchased a large amount of ETH from Binance.
*This is not investment advice.
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