Whale Sells $200M in Ethereum Amid $205M Institutional Inflows

In a significant move, a whale sold over $200 million worth of Ethereum (ETH), with the most recent transfer involving 4,120 ETH, valued at approximately $12.2 million. This selling activity comes at a time when there is growing excitement in Ethereum’s institutional investment landscape. Data from SoSoValue indicates that spot ETH ETFs attracted $205 million in net inflows, marking the sixth straight day of positive momentum.

Leading the surge was BlackRock’s ETHA, which saw $137 million in daily net inflows, boosting its historical total to $6.29 billion. Following closely was Grayscale’s Ethereum Mini Trust, which brought in $25.5 million, increasing its total inflow to $824 million. Despite the on-chain selling pressure, Ethereum continues to draw institutional capital, highlighting a complex tug-of-war between long-term adoption and short-term profit-taking.

This influx of capital into spot ETFs suggests a growing institutional interest in Ethereum, potentially driven by the asset's utility in decentralized finance (DeFi) and other blockchain applications. The sale by the whale, however, could indicate a shift in sentiment among large holders, possibly due to profit-taking or a change in investment strategy. The market's reaction to this sale and the continued inflows into ETFs will be crucial in determining the short-term trajectory of Ethereum's price.