Leading the crypto craze were BlackRock’s ETHA, which attracted nearly $500 million, and Fidelity’s FETH with $113 million, according to Farside Investors.
This avalanche of institutional interest has pushed the total ETH holdings across spot ETFs to over 5 million coins—more than 4% of Ethereum‘s circulating supply. In a striking contrast, ETFs bought around 107 times more ETH on Wednesday than was issued by the network, per data from Ultra Sound Money.
Meanwhile, ETH’s price climbed above $3,440, up more than 7% in 24 hours and 30% over the past two weeks. Other major altcoins joined the rally, with XRP, DOGE, and SOL posting strong gains, while Bitcoin lagged behind with a modest 0.7% rise. Analyst Matthew Hyland noted that continued strength in ETH could signal the top of Bitcoin’s dominance cycle, currently hovering at 61%.
Corporations are also aggressively accumulating ETH. Over $5.3 billion in Ether is now held on corporate balance sheets, with $1.6 billion added in just the past month. SharpLink Gaming alone acquired $343 million worth in eight days, including $68 million in the last 24 hours. World Liberty Financial, backed by President Donald Trump, added another $5 million, and BitMine Immersion Technologies revealed it now holds over half a billion dollars in ETH.
With institutional flows accelerating and altcoins gaining ground, Ethereum is quickly becoming the focal point of the current crypto cycle.
😜 So, dear Bitcoin, it seems like your reign is coming to an end, and Ethereum is taking over the crypto world! 🌐🚀
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2025-07-17 16:25