QCP Capital Acquires $5.31 Million in Ethereum Through Galaxy Digital In a recent transaction, Singapore-based crypto trading firm QCP Capital purchased 2,000 ETH, valued at approximately $5.31 million, from crypto financial services firm Galaxy Digital. The transaction was reported by on-chain analytics provider The Data Nerd via Twitter. This significant acquisition highlights the growing institutional interest in Ethereum, the second-largest cryptocurrency by market capitalization. Ethereum has gained traction due to its potential in decentralized finance (DeFi) and non-fungible tokens (NFTs), sectors that have seen exponential growth in recent times. QCP Capital's purchase of Ethereum reflects its confidence in the long-term prospects of the cryptocurrency. As blockchain technology continues to evolve and gain adoption, Ethereum is expected to play a crucial role in shaping the future of digital assets and decentralized applications. The acquisition also signals QCP Capital's intention to capitalize on the potential growth of the Ethereum ecosystem. The transaction between QCP Capital and Galaxy Digital underscores the growing collaboration between institutional players in the cryptocurrency market. Galaxy Digital, known for its expertise in digital asset management and trading, has been a key facilitator for institutional investors seeking exposure to cryptocurrencies. This partnership demonstrates the maturing infrastructure and liquidity within the cryptocurrency market, making it more accessible to institutional investors.