Ethereum: Institutional Buyers Drop Off, Leaving Market Uncertain

Institutional interest in Ethereum (ETH) has taken a hit, with recent data revealing a dramatic decline in purchases by Digital Asset Treasuries (DATs). A new report from Bitwise shows that DAT buying of ETH dropped to 370,000 ETH in November, down a massive 81% from August’s peak of 1.9 million ETH. This shift is significant because DATs have been instrumental in driving Ethereum demand this year, often absorbing more tokens each month than the network can handle.