
Large holders of Ethereum (CRYPTO:ETH) transferred more than US$430 million worth of ETH as US spot Ethereum exchange-traded funds continued to attract investor inflows.
The transfers occurred while spot Ethereum ETFs recorded fresh inflows, suggesting demand for Ethereum remained firm as institutional participation increased.
Large whale transfers do not necessarily indicate buying or selling because they may reflect custody changes, internal wallet management or over-the-counter transactions.
The combination of sustained ETF inflows and increased whale activity suggests institutional interest in Ethereum remains strong as investors continue to monitor market liquidity and price momentum.
Ethereum remained one of the most actively traded digital assets as regulated investment products continued to attract capital.
At the time of reporting, Ethereum price was $1,914.85.
Ethereum (CRYPTO:ETH) is trading near a key level against Bitcoin (CRYPTO:BTC), according to market data analysed by CryptoQuant.