- The cryptocurrency exchange Coinbase and its institution-focused crypto services platform Prime were the main sources of ether purchases for both companies.
According to the cryptocurrency data tracking platform Arkham, exchange-traded funds owned by banking behemoths BlackRock and Fidelity bought $500 million worth of ether over the last two days.
According to Arkham data, both companies mostly used Coinbase, a cryptocurrency exchange, or its institution-focused crypto services platform Prime to make the purchases.
The two Ethereum ETFs with the largest inflows on November 30 were Fidelity’s FETH and BlackRock’s ETHA. ETHA and FETH had respective transaction volumes of $372.4 million and $103.7 million on December 10.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
