The amount of Ethereum held in accumulation wallets, indicating long-term investor confidence, has witnessed a significant 65% increase since the beginning of 2024, with over $50 billion worth of ETH currently locked in these wallets.

This growth suggests that Ethereum is no longer solely embraced by tech enthusiasts but is increasingly recognized as a crucial component of the financial future by institutions and individuals alike.

The anticipation surrounding the launch of spot Ether ETFs in July is believed to be a driving force behind this surge, despite the fact that these ETFs have experienced net outflows since their introduction. Show Less