Whale buys back ETH holdings after losing $2.6M by selling early

Quick Summary:

These updates are expected to drive broader adoption of the Ethereum mainnet. Related: Bitcoin open interest hits record high as bulls stampede toward new BTC price highsETH leads crypto investment products with $205 million weekly inflowsAlong with its recent price appreciation, ETH-based investment products in the United States also saw renewed interest. A May 19 report from digital asset manager CoinShares revealed that US crypto investment products saw $785 million in inflows last week.

This development pushes the year-to-date (YTD) total for crypto ETPs to $7.5 billion. ETH was the top performer among the crypto exchange-traded products (ETPs), attracting $205 million in inflows last week.

At the time of writing, company data tracker 8marketcap shows that Ether’s $321 billion market capitalization makes it the 38th most-valuable asset in the world, surpassing the pharmaceutical company AbbVie and inching closer to the Bank of America. Ether’s upswing is largely fueled by the successful launch of its Pectra upgrade.

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Article Details

Author / Journalist: Cointelegraph by Ezra Reguerra

Category: Crypto

Markets: United States

Topics: Million Ether Selling Trader Buys Price Higher Whale Asset Inflows Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 12:48:44 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28905213

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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Year Established: 2013

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News Last Updated: 7 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #11

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