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Institutional Investors Keep Betting Big on Ethereum

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Ethereum's price may be down, but its network activity is on the rise.

Despite the decline in Ethereum prices, the amount of Ether (ETH) staked on the blockchain has reached a record high of $40.2 million.

A significant portion of these new investments are coming from institutional investors, with US-based spot Ethereum ETFs recording a net inflow of $9.31 million on July 27.

The recent whale transactions and transfers linked to BitMine suggest that the accumulation trend in ETH is continuing.

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