VanEckSpot Bitcoin issued by $65,837 and Ethereum 
$2,668 In total, ETFs have withdrawn more than $15 million worth of cryptocurrency. According to Arkham’s data, during this transaction, VanEck’s ETFs received approximately 226 BTC and 366 ETH from the US-based Gemini exchange.
VanEck Spot Ethereum ETF Bought 366 ETH
About nine hours ago VanEck’s spot Ethereum ETF ETHVwithdrew 366,132 ETH from the Gemini exchange. This amount is worth approximately 965 thousand dollars. This recorded transaction was interpreted as an indication of investors’ interest in Ethereum over VanEck’s product. It was also noteworthy that VanEck increased its investments in this area despite the price fluctuations of Ethereum.
Spot Ethereum ETFIt is generally viewed as a safe and regulated investment vehicle for institutional investors and large funds. This activity in VanEck’s ETF also shows its confidence in the growth in the Ethereum market and also the interest of investors in this area.
Spot Bitcoin ETF Withdrew 226 BTC
On the other hand, about eight hours ago VanEck’s spot Bitcoin ETF HODLalso bought 226,257 BTC from the Gemini exchange. This transaction is worth approximately $14.72 million. While the volatility in Bitcoin’s price continues, VanEck’s withdrawal of Bitcoin of this size was interpreted as a sign of confidence among market participants.
As it is known, VanEck has been cryptocurrency marketA company that has a presence in and offers ETFs in this area. Such transactions, especially for leading cryptocurrencies such as Bitcoin and Ethereum, are seen as important as they increase the interest of institutional investors in the cryptocurrency market. In addition, such large-scale transactions are carefully monitored as they force other players in the market to reconsider their strategies.
with latest data BTC While it was traded at $65,617 with an increase of 2.84 percent in the 24-hour period, ETH It is traded at $2,665 with an increase of 1.42 percent in the same time period.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
