Fund Updates: Ethereum Foundation Sells Off vs. VS Morgan Stanley Enters

Two major “institutions” in the cryptocurrency sector are showing completely different funding moves. On one hand, the Ethereum Foundation exchanged 5,000 ETH for stablecoins via the CoWSwap platform, using a time-weighted average price (TWAP) strategy to minimize market impact. The proceeds are used to support daily operations and ecosystem grants. However, this large sale is still interpreted by the market as a bearish signal—traders may think the foundation is “taking profits” or expects prices to fall further. In addition, there was also a recent sale of 416.67 ETH; the budget address of the V神-linked project has even cumulatively sold 19,268 ETH within 23 days, totaling approximately $38.77 million.

On the other hand, the spot Bitcoin ETF launched by VS Morgan Stanley (MSBT) recorded inflows of about $34 million on its first day, with trades exceeding 1.6 million shares. Its fee rate is only 0.14%, the lowest among comparable products. Backed by VS Morgan Stanley’s large wealth management distribution network, it is expected to continue attracting traditional investors to allocate Bitcoin through financial advisors. The tug-of-war between these two forces reflects the differing institutional assessments of crypto assets. #Gate广场四月发帖挑战