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Ethereum Updates: Major Holders Increase Their Ethereum Stash Fivefold While BTC/ETH ETFs See Outflows—Altcoins Draw in $126 Million

Ethereum Updates: Major Holders Increase Their Ethereum Stash Fivefold While BTC/ETH ETFs See Outflows—Altcoins Draw in $126 Million

Bitget-RWA2025/11/12 04:54
By:Bitget-RWA

- Bitcoin and Ethereum spot ETFs lost $605M in outflows, contrasting with $126M inflows into Bitwise's Solana ETF (BSOL), highlighting shifting investor priorities toward altcoins. - Ethereum's largest whale quintupled ETH holdings to $138M while closing Bitcoin longs, reinforcing institutional confidence in Ethereum's long-term potential amid stable technical indicators. - Solana's ETF success ($545M total inflows) reflects growing institutional demand for altcoins despite 16% price declines, driven by it

Last week, spot ETFs for Bitcoin (BTC) and

(ETH) saw notable withdrawals, with $558.4 million exiting Bitcoin and $46.6 million leaving Ethereum, as reported by . This trend reflects a shift in investor mood, though technical signals indicate the market remains stable. At the same time, Ethereum’s largest whale closed its long and increased its holdings fivefold to 40,000 ETH (worth $138 million), marking a strategic move toward Ethereum, as highlighted in a .

In contrast to these outflows, altcoin ETFs are attracting heightened interest. Bitwise’s

ETF (BSOL) recorded $126 million in net inflows over the last week, bringing its total to over $545 million since launching on October 28, according to a . This strong performance highlights the rising appetite for altcoin exposure, particularly Solana (SOL), which, despite a $90 billion market cap, has dropped 16% in the past week. Analysts point to Solana’s vibrant ecosystem and institutional interest as key drivers for these inflows, even as prices fall.

Ethereum’s recent price movement has also been in focus. Although the token dipped to $3,975 amid ETF withdrawals, it has maintained support at its upward trendline and the 200-day EMA ($3,540), indicating short-term strength, as emphasized by a

. The decision by the “1011 Insider Whale” to increase ETH holdings further strengthens the positive outlook, with major investors continuing to back Ethereum’s long-term prospects.

The altcoin story is not limited to Solana. Lido DAO’s community is preparing to vote on a liquidity buyback plan designed to cut down the supply of

tokens and enhance market utility, as described in a . If approved, the plan could launch in the first quarter of 2026, linking buybacks to Ethereum’s price and revenue milestones to ensure long-term viability. This initiative is part of broader efforts to bring more stability to the altcoin sector during turbulent times.

Technical outlooks for Bitcoin remain cautiously positive. The cryptocurrency has held above its $111,000 support, with the 200-day EMA ($108,000) providing an additional safety net, as mentioned in the Sahm Capital analysis. Market participants are watching for a potential bounce toward $128,000, dependent on key trendlines holding. Ethereum faces a similar scenario, with the $3,900–$3,600 range crucial for a short-term rebound.

The gap between ETF outflows and on-chain strength points to temporary portfolio adjustments rather than a deeper market issue. As Bold Crypto Tony and others suggest buying altcoins during downturns, attention is turning to whether Ethereum and Solana can benefit from institutional investments and technical stability.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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