ETFs and Treasuries Drive Fresh Ethereum Demand

Leading the charge are SharpLink, which holds over 255,000 ETH, and BitMine Immersion Technologies with 163,142 ETH. This wave of buying is very similar to the strategies seen with corporate Bitcoin adoption and is accompanied by strong inflows into Ethereum investment products. ETH also very briefly reclaimed $3,000 on July 11, fueled by rising demand, bullish sentiment, and increasing corporate confidence. ETH Treasury Holdings Explode Ethereum (ETH) is experiencing a big surge in institutional demand. In fact, top corporate treasuries bought more than $1.6 billion worth of ETH over the past month. This means that more than 545,000 ETH was accumulated by Ethereum treasury companies in the last 30 days alone. It seems like rising prices and market optimism are drawing in some institutional interest. BitMine Immersion Technologies , which is chaired by Fundstrat’s Tom Lee, now holds 163,142 ETH valued at approximately $480 million. This makes it one of the largest Ethereum treasuries. Lee drew a comparison to Michael Saylor’s aggressive Bitcoin strategy, and suggested that Ethereum treasuries could similarly benefit from what he called a “Wall Street put,” a reference to rising institutional confidence. Quote from Tom Lee Joseph Lubin’s gaming platform, SharpLink , is the largest corporate holder of ETH. With recent purchases totaling more than 50,000 ETH in just a few days, SharpLink’s holdings now exceed 255,000 ETH. Lubin is also the founder of Consensys, and humorously referred to himself as a “self-appointed representative of The League of Extraordinary ETH Accumulator Gentlemen.” Some of the other entrants into the ETH treasury trend include Bit Digital , which now holds over 100,000 ETH, and BTCS, which raised $62.4 million to expand its treasury to 29,122 ETH. GameSquare also announced plans to build a $100 million Ethereum treasury. This wave of accumulation coincides with the large capital flows into Ethereum investment products. According to CoinShares, Ethereum-based funds recently logged their 12th straight week of inflows. The attracted $990 million in just the last week, which made it the fourth-largest weekly inflow on record. (Source: strategicethreserve.xyz ) So far in 2025, ETH funds have seen over $4 billion in inflows, with almost 30% of that taking place over the past two weeks alone. This momentum pushed Ethereum inflows to represent 19.5% of total global Ether fund assets under management, which is nearly double Bitcoin’s 9.8% over the same period. ETH briefly topped $3,000 on July 11 for the first time since February, before pulling back slightly. Still, the price is up 15% on the week, thanks to growing institutional interest and a swelling chorus of bullish sentiment. ETH’s price action over the past week (Source: CoinMarketCap )

Source: Coinpaper