Institutions Quietly Build Up $4 Billion Ethereum Portfolio

Since mid-July, institutions have amassed over $4.16 billion worth of Ethereum through exchanges and trading desks. This accumulation coincides with a sharp price surge from $2,600 to $4,000, representing a 45% rise in value. Analyzing purchase patterns reveals that the average acquisition price sits near $3,546. Analysts believe much of this buying stems from companies seeking long-term exposure through ETH investments.