Ethereum’s on-exchange supply ratio has fallen to levels not seen since 2016, even as its circulating supply continues to grow.
Despite the ongoing price slump, major investors, often referred to as “whales,” are quietly increasing their holdings instead of liquidating assets.
In the past 96 hours alone, Ethereum whales have collectively purchased over 280,000 ETH, a haul valued at approximately $1 billion. This accumulation trend underscores growing confidence among large-scale investors, even during a period of price stagnation.
Ethereum ETFs Recorded Notable Interest
Meanwhile, Ethereum Exchange-Traded Funds (ETFs) are experiencing a surge in interest. November 29 was a landmark day for ETH ETFs, recording a net inflow of $332.9 million—the highest single-day total since these funds were introduced. This figure shattered the previous record of $295 million set on November 11.
The momentum hasn’t stopped there. Over the past week, ETH ETFs have consistently recorded net inflows, highlighting increased investor confidence and growing adoption of these financial products.
Together, these developments—whale accumulation and robust ETF inflows—suggest that Ethereum is gaining traction among institutional and high-net-worth investors, even as its price remains subdued. With these trends in play, Ethereum’s long-term prospects continue to look promising, bolstered by both on-chain activity and market demand.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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