Recent on-chain data reveals that FTX and Alameda Research have staked 20,736 ETH worth approximately $79 million in the past few hours. This significant move came after the entities withdrew 21,650 ETH from Bybit exchange between December 17, 2024, and January 9, 2025, totaling $75.3 million at an average price of $3,478 per ETH.
Ethereum currently trades at $3,860, showing a 1% increase over the last 24 hours and a 7% gain across the past week. These substantial ETH transfers and staking activities contribute to a broader pattern of increased market participation around the asset.
Institutional demand for Ethereum is exploding.., and it’s happening quietly.
Last week alone, U.S. Ethereum ETFs brought in $1.85B in net inflows. That’s regulated, institutional capital pouring into ETH at scale.
But here’s what most people are missing:
• SharpLink made a… pic.twitter.com/UCDxiLYFbi— Jessica Gonzales (@lil_disruptor) July 29, 2025
BlackRock Leads Institutional Accumulation
BlackRock expanded its ETH holdings by $375 million this week, bringing the asset management giant’s control to roughly 2.5% of Ethereum’s entire circulating supply. This translates to more than $11.4 billion worth of ETH at current market prices.
The company’s iShares Ethereum ETF, which launched in 2024, has accumulated over 3 million ETH according to recent reports. Since July 12 alone, the fund has added another 1 million ETH to its portfolio.
Other major players are following suit. The Ether Machine purchased 15,000 ETH this week for $56.9 million, pushing its total holdings beyond 334,000 ETH. The company now holds more ETH than the Ethereum Foundation itself and has indicated that additional capital remains available for future purchases.
SharpLink, a Nasdaq-listed entity, made another substantial acquisition today by adding 11,359 ETH. This brings the company’s total to 449,276 ETH, valued at $1.73 billion, with a significant portion already staked.
Whale Activity Signals Long-Term Confidence
Eleven fresh wallets have accumulated 722,152 ETH worth $2.77 billion since July 9, according to blockchain analytics. Three of these wallets added 73,821 ETH valued at $283 million within the past 24 hours alone.
Most of these new large holders are staking their ETH immediately after acquisition, which reduces the circulating supply and demonstrates long-term holding strategies. This behavior aligns with a broader trend of sustained ETH accumulation by major market participants.
ETF Performance Reaches New Heights
Ethereum ETFs experienced unprecedented success in July, recording $5.41 billion in net inflows. This monthly figure surpassed the combined $4.21 billion in inflows from the previous 11 months since their launch in July 2024.
The total inflows for ETH ETFs now stand at $9.62 billion since inception. Earlier periods showed more volatile flow patterns, with the first quarter of 2025 seeing modest inflows and brief outflows in March. However, November and December 2024 demonstrated strong investor interest with inflows of $1.05 billion and $2.08 billion respectively.
Market Sentiment Analysis
The convergence of major institutional buying, whale accumulation, and record ETF inflows suggests strong bullish sentiment that could support continued upward price momentum in the near term. These coordinated large-scale acquisitions typically indicate confidence in Ethereum’s long-term value proposition among sophisticated investors.
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