Ethereum

Prime

Galaxy

One of the issues that the market and investors are following these days is, firstly, the Bitcoin (BTC) halving and secondly, a possible spot Ethereum ETF approval in May.
At this point, some analysts state that the SEC may approve the ETH ETF in May, while others state that they are certain that the approval will not come in May, but may come within the year.
While the issue of ETH ETF approval remains unclear, the Ethereum move came from Galaxy Digital, the company of famous billionaire Mike Novogratz.
According to Lookonchain's post, Galaxy Digital purchased a total of 26,000 ETH from leading cryptocurrency exchanges Coinbase Prime and Binance.
It was stated that the value of these withdrawn Ethereums was approximately 76.2 million dollars.
<blockquote>
 “On-chain data shows GalaxyDigital! has withdrawn 26K ETH ($76.2 million worth) from CoinbasePrime and Binance in the last 12 hours.”
</blockquote>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 On-chain data shows that <a href="https://twitter.com/hashtag/GalaxyDigital?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#GalaxyDigital</a> withdrew 26K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($76.2M) from <a href="https://twitter.com/hashtag/CoinbasePrime?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CoinbasePrime</a> and <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> in the past 12 hours.<a href="https://t.co/oPJdrwWcwS" rel="noopener noreferrer nofollow">https://t.co/oPJdrwWcwS</a> <a href="https://t.co/b80Lr2DqzM" rel="noopener noreferrer nofollow">pic.twitter.com/b80Lr2DqzM</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1759813023861260795?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 20, 2024</a>
</blockquote>
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This ETH move, made by cryptocurrency supporter Novogratz's company at a time when Ethereum ETF applications were on the agenda, increased investors' expectations for an increase in the ETH price.
The demand for ETH is increasing these days. Because the giant whale, which has been accumulating Ethereum since the beginning of February, recently purchased a large amount of ETH from Binance.
Related News: <a href="https://en.bitcoinsistemi.com/the-rising-giant-whale-on-ethereum-has-been-accumulating-eth-wildly-since-the-beginning-of-february-here-are-their-latest-purchases/" target="_blank" rel="noopener noreferrer nofollow">The Rising Giant Whale on Ethereum Has Been Accumulating ETH Wildly Since the Beginning of February! Here Are Their Latest Purchases!</a>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bullish-expectations-are-increasing-in-ethereum-while-expecting-etf-approval-from-the-sec-galaxy-digital-made-a-remarkable-eth-move/" rel="noopener noreferrer nofollow">Bullish Expectations Are Increasing in Ethereum: While Expecting ETF Approval from the SEC, Galaxy Digital Made a Remarkable ETH Move!</a>

Bullish Expectations Are Increasing in Ethereum: While Expecting ETF Approval from the SEC, Galaxy Digital Made a Remarkable ETH Move!

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