On September 18, iShares Ethereum Trust ETF rose 5.2% in after-hours trading, trading at $19.44/share, with turnover of $341 million. The surge comes amid a confluence of bullish on-chain signals pointing to strong institutional and whale demand for Ethereum.
On the institutional front, BlackRock has accumulated approximately $1.5 billion worth of ETH over the past 20 days, with $1.27 billion purchased through its ETHA vehicle and an additional $296.5 million through ETHB, which recorded no single-day outflow during the period. Meanwhile, on-chain data revealed that 11 newly created wallets, suspected to belong to one whale entity, sold 602 BTC and rotated into 18,800 ETH in transactions totaling $45.83 million each, signaling a directional shift from Bitcoin to Ethereum.
Supporting the supply-side thesis, ETH exchange supply has fallen below 12.7%, widening its gap with BTC at 16.5%, reflecting what analysts describe as a structural tightening of on-exchange liquidity. ETH network-wide contract trading volume surged 53.12% in 24 hours to $52.68 billion, underscoring heightened market activity.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)