Million Dollar Ethereum Move from Giant Investment Company Paradigm Before SEC Decision!

A new Ethereum move came from Canada-based cryptocurrency company Paradigm Capital.

According to data from popular blockchain and analytics firm Arkham Intelligence, Paradigm Capital deposited 19,504 ETH worth approximately $65.59 million into institutional-grade custody platform Anchorage Digital.

Over the past three months, Paradigm Capital has been depositing ETH to Anchorage regularly in the second half of each month, while the last ETH transfer was the largest amount.

Moreover, while the last transfer was Paradigm’s second deposit of ETH to Anchorage this month, it was also its largest transfer in the last three months.

While Ethereum transactions have increased in recent days, a critical ETH ETF approval decision is expected from the SEC. According to the latest news from Reuters, top names think spot Ethereum ETFs may be approved on July 4.

Ethereum, which shot up to $ 3,240 during the recent declines, continues to be traded at $ 3,377 at the time of writing.

According to Arkham data, Paradigm Capital has 53,662K ETH worth $180 million, while there are various altcoins other than ETH, such as LDO, OP, COLLE and BNB.

*This is not investment advice.

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