Bitwise Ethereum ETF has been very active on-chain recently! According to Arkham monitoring, about 19 hours ago, the fund transferred 15,964 ETH to the Wintermute OTC address, with a total value of up to 57.18 million USD. This large transfer has attracted widespread attention in the market, and investors are speculating about the strategic intentions behind it.

Meanwhile, the Bitwise Ethereum ETF also transferred 250 ETH to the Kraken Deposit address. This smaller-scale transfer is also noteworthy and may indicate different market operation strategies.

These on-chain data changes provide us with an important window to observe market dynamics, and are worth continuous attention.