Bitwise plans to begin trading Ethereum futures ETFs on Monday. The asset manager announced plans to list and begin trading two new ETH futures ETF products. More ETH futures ETFs like this are in the pipeline. This potential seems to have whetted the whales’ appetite, too.
Whales took action with Ethereum ETF news
As you follow from Kriptokoin.com, Bitwise has submitted final forms to the Securities and Exchange Commission for Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP). The asset manager had announced that it would begin trading ETF futures today. After this statement, crypto whales took action. Whales have been accumulating ETH lately, on-chain analytics and tracking platform Lookonchain reported. In this context, Lookonchain shared the following:
Recently we noticed whales accumulating and staking ETH. Whale “0x7838” withdrew 4,288 ETH (7.2 million) from Binance and staked it 4 days ago. The new wallet “0x4b7B” withdrew and staked 9,530 ETH ($16 million) from Binance.
We have noticed whales accumulating $ETH and staking $ETH recently.
Whale"0x7838" withdrew 4,288 $ETH($7.2M) from #Binance and staked 4 days ago.https://t.co/t4kEEonDjg
Fresh wallet"0x4b7B" withdrew 9,530 $ETH($16M) from #Binance and staked.https://t.co/Fvh2w3skvI pic.twitter.com/cyp7abwoOk
— Lookonchain (@lookonchain) October 1, 2023
FTX hacker is also transferring his ETH!
In addition, there are some mysterious movements. These include the movements in the FTX hacker’s accounts. Again, according to Lookonchain’s post, the account connected to the FTX hacker keeps transferring Ethereum (ETH). In this regard, the analytics platform recently shared the following information:
FTX Hacker transferred 7,500 ETH ($12.62 million) again 1 hour ago. FTX Hacker transferred 22,500 ETH ($38 million) in the last 2 days and currently has 163,235 ETH ($275 million) remaining.
FTX Accounts Drainer transferred 7,500 $ETH($12.62M) out again 1 hour ago.
The FTX Accounts Drainer has transferred 22,500 $ETH($38M) out in the past 2 days and currently has 163,235 $ETH($275M) left.https://t.co/YMSdqrSTxZ pic.twitter.com/dL6K47zC3n
— Lookonchain (@lookonchain) October 1, 2023
Millions of Ethereum tied to FTX hacker on the move
In November 2022, FTX declared the bankruptcy of its global crypto empire. The stock market was attacked hours after founder Sam Bankman-Fried left the company’s management. Approximately 2,500 Ethereum (ETH) worth just over $4 million began moving early Saturday, tied to the FTX exchange’s exploit last year, according to blockchain data.
Ethereum in a wallet associated with the FTX hacker started moving for the first time in nearly a year. The user split the funds in half. In subsequent transactions, he transferred 700 ETH several times using the Thorchain Router. He moved approximately 1,200 ETH through the Railgun privacy tool. The other 550 ETH is kept in the wallet at some point.
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