Major Bet: James Fickel’s $53.3M Ethereum Purchase Ahead of SEC Ruling

The post Major Bet: James Fickel’s $53.3M Ethereum Purchase Ahead of SEC Ruling appeared first on Coinpedia Fintech News

James Fickel just spent 10.1M $USDC to buy 2,642 $ETH ($24.4M) at ~$3,820, anticipating the SEC’s final ruling on the Vaneck Ethereum ETF today. Over the past three days, the Amaranth Foundation founder has acquired 14,494 $ETH using 390 $WBTC and 26.1M $USDC, totaling $53.3M at an average price of $3,675.

This significant investment suggests strong confidence in the ETF’s approval, potentially driving Ethereum prices higher. Investors are keenly watching as this decision could set a new precedent in the crypto market.