1inch Investment Fund Abruptly Accumulates $10,000,000 in Ethereum Amid Market Downturn: On-Chain Data - The Daily Hodl

The investment fund associated with decentralized exchange aggregator 1inch accumulated $10 million worth of Ethereum over the weekend, according to blockchain tracker Lookonchain.

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Relevant topic timeline:

8/21/2023

Dwindling optimism for Bitcoin ETF approval to blame as weekly crypto outflows hit $55M

Digital asset investment products experienced $55 million in outflows, primarily due to the lack of movement towards approving a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission, with Bitcoin alone accounting for $42 million of the outflows.

8/21/2023

The crypto world wants to know why Vitalik Buterin just deposited $1 million in Ether with Coinbase

Ethereum cofounder Vitalik Buterin sends $1 million worth of Ether to Coinbase, sparking speculation about his intentions and potential impact on the cryptocurrency's value.

8/29/2023

Bitcoin, Ethereum, Dogecoin Rise Without New Triggers: Analyst Is 'Comfy, Long, And Accumulating' After Foreseeing Market Reversal

Despite a bearish sentiment, major cryptocurrencies trade in the green, with over $10 million spent on Ether by the 1inch Investment Fund's crypto wallet.

9/11/2023

Institutions Dump $100M in Ethereum in 2023 Amid Ongoing Crypto Winter

Institutions have been selling Ethereum in large quantities, with $108 million in sales this year, making it the least loved digital asset among exchange-traded product investors, but the launch of an Ethereum ETF by Cathie Wood's Ark Invest may change this trend.

9/12/2023

BlackRock Bitcoin ETF Could Attract $150 Billion, Making Crypto Mainstream Among Financial Advisors

Around $150 billion worth of capital could enter the Bitcoin market if BlackRock's BTC spot exchange-traded fund (ETF) gets approved, according to a senior Bloomberg ETF analyst.