Shortly after Hong Kong approved the first batch of spot Bitcoin and Ethereum ETF applications, Spot On Chain's AI Bot detected 8 whales who had previously earned from ETH returning to buy more tokens on-chain.

Together, they spent a total of $31.88M in USDT and USDC to purchase 9,787 ETH at an average price of $3,257 in the past 40 minutes.

• Visit the spreadsheet here for more details on the whales and their related visualizers

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Fig 1. Eight wallets bought ETH post-Hong Kong’s approval of spot Bitcoin and Ethereum ETF application.

Fig 2. Spot On Chain's AI Bot detected several large ETH purchases.