[Chain News] On September 3, it was reported that Nick Forster, the founder of Derive, stated that last week a public company increased its holdings by approximately 330,000 ETH, surpassing the 250,000 ETH held by the US spot Ethereum ETF. Currently, strategic reserve companies hold about 4% of the total ETH supply, while ETFs hold 5.5%. Derive expects that by the end of the year, institutions may cumulatively hold 6-10% of the supply. The short-term implied volatility of ETH options has dropped to 63%. Analysts point out that some companies' increased holdings can hedge against ETF fund outflows, and ETH is currently reported at about $4,320, with a weekly drop of about 6%.
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GateUser-beba108d
· 15h ago
No matter how much it falls, I will keep buying.
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shadowy_supercoder
· 15h ago
Suddenly fell, I don't dare to look!
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MoonlightGamer
· 15h ago
Buy ETH only after it falls, silly.
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BearMarketSurvivor
· 15h ago
Institutions are buying heavily but still fall, it's hilarious.
Public companies increased their holdings by 330,000 ETH, surpassing the US Spot ETF. Institutions may hold 10% of the supply by the end of the year.
[Chain News] On September 3, it was reported that Nick Forster, the founder of Derive, stated that last week a public company increased its holdings by approximately 330,000 ETH, surpassing the 250,000 ETH held by the US spot Ethereum ETF. Currently, strategic reserve companies hold about 4% of the total ETH supply, while ETFs hold 5.5%. Derive expects that by the end of the year, institutions may cumulatively hold 6-10% of the supply. The short-term implied volatility of ETH options has dropped to 63%. Analysts point out that some companies' increased holdings can hedge against ETF fund outflows, and ETH is currently reported at about $4,320, with a weekly drop of about 6%.