Ethereum is seeing a powerful wave of institutional buying, with major funds ramping up exposure following this year’s spot ETH ETF approvals.
On July 22, Fidelity made its largest daily Ethereum acquisition yet—adding nearly 34,000 ETH, worth about $124 million. That brings its total holdings to over 629,000 ETH, valued at $2.33 billion.
Across all spot ETH ETFs, the past week saw inflows of over 650,000 ETH, lifting total institutional ETF holdings above 5.22 million ETH—or $19.3 billion.
BlackRock also strengthened its position, purchasing roughly 27,000 ETH via its iShares Ethereum Trust, which now controls 2.59 million ETH—making it the largest ETH holder among ETFs.
Meanwhile, ARK Invest took a different approach, investing $182 million in BitMine Immersion shares as part of its broader Ethereum treasury and infrastructure strategy.
Other major players including Grayscale, Bitwise, and VanEck also recorded notable ETH inflows, with Grayscale’s Ethereum Mini Trust adding 60,000 ETH alone.
As ETFs unlock easier access to Ethereum, the asset is rapidly gaining ground as the institutional favorite behind Bitcoin.
Source: https://coindoo.com/ethereum-demand-explodes-as-institutions-rush-in/