Ethereum ETFs and Whale Activity Signal Bullish Trends
Ethereum has seen a significant capital injection of $425 million from SharpLink Gaming. This move,along with significant inflows into Ethereum ETFs,suggests growing institutional interest. Though, traders remain cautious.
Institutional investors are pouring money into Ethereum. SharpLink Gaming recently allocated $425 million from its treasury to ETH. despite this, traders are not fully convinced. The crypto’s price is stuck in a consolidation phase near $2,400.
SharpLink Gaming’s substantial investment in Ethereum highlights growing institutional confidence. Yet, the market’s reaction has been lukewarm. The crypto intelligence firm SoSoValue reports daily inflows into Ethereum etfs exceeding $11 million. On June 11, inflows spiked to over $24
