Ethereum Whale Accumulation Follows $11.7M Buy as ETF Inflows Reach New Highs

• A whale acquired 4,521 ETH worth $11.7M at $2,593 after Ethereum’s price dropped.
• Ethereum ETFs saw $240.29M in net inflow on June 11, extending an 18-day streak.
• BlackRock’s ETHA led with $163.64M inflow and $4.54B in net assets, ending the day up 1.38%.

A major Ethereum purchase followed the asset’s latest drop, reinforcing ongoing institutional interest amid record ETF inflows. According to on-chain data, two wallets likely controlled by the same entity acquired 4,521 ETH worth $11.7 million at an average price of $2,593.

The purchase came after a decline in ETH price, suggesting a strategic move tied to recent ETF performance trends. This activity comes during a sustained period of capital inflows into Ethereum-based exchange-traded funds, reflecting broader institutional momentum behind the asset.

Whale Activity Shows Confidence at Key Price Level

The accumulation occurred at a time when Ethereum had dropped from recent highs, creating a favorable entry zone. Blockchain data flagged the two wallets as coordinated in timing and value, indicating a single whale transaction split across accounts.

This pattern has been seen before during periods of heightened ETF interest or volatility. The size and timing of the purchase suggest anticipation of price recovery or a strategic response to ETF-driven demand.

Whale tracking tools also noted that previous similar purchases have preceded upward price action. While the identity of the buyer remains unknown, the wallets involved have not engaged in any outflows since the acquisition. This adds to the belief that the holdings are part of a longer-term accumulation plan.

Ethereum ETFs Record $240 Million Inflow in a Day

On June 11, Ethereum spot ETFs recorded a net daily inflow of $240.29 million. This marked the 18th consecutive day of net inflows. So far, cumulative inflows across these products have reached $3.74 billion. The total net asset value across all Ethereum ETFs stood at $11.05 billion, accounting for approximately 3.25% of Ethereum’s market cap .

BlackRock’s ETHA ETF led the inflows with $163.64 million in one day. ETHA now holds $4.54 billion in net assets and has a cumulative inflow of $5.13 billion. Its trading volume reached $565.75 million across 26.42 million shares, with a 1.38% increase in price.

All Ethereum ETFs Closed with Gains

Fidelity’s FETH ETF followed with $37.28 million in inflow, raising its cumulative total to $1.59 billion. FETH closed the day with $1.31 billion in assets and a 1.37% price gain. Grayscale’s ETHE added $13.30 million, despite a historical outflow of $4.28 billion. Its net assets stood at $3.21 billion after a 1.35% price increase.

Other funds like ETHW, ETHV, EZET, QETH, and CETH also posted price gains. Most saw modest inflows or held steady in net assets. Combined, the activity reflected growing investor participation and persistent interest in Ethereum across regulated investment platforms.