Ethereum ETF is "ice and fire"!
Eight American giants collectively sold more than 100,000 ETH yesterday
That's right, eight American Ethereum ETFs took collective action on July 25, but they did not buy together, but sold 100,230 Ethereum in a row, which is worth up to 316 million US dollars!
Specifically, Grayscale, the big boss, is the main force of "dumping the market". He reduced his holdings of 140,214 Ethereum at once, with a value of up to 442 million US dollars, which is simply ruthless. However, despite the reduction of so much, Grayscale still holds 2,489,075 ETH, and the value is still strong at around 7.85 billion US dollars.
However, in this wave of selling, there are also "clear streams". Fidelity Fund chose to go against the trend and increased its holdings by about 22,000 Ethereum, worth about 69.41 million US dollars. Now, the total number of Ethereum held by Fidelity has reached 43,750,