Ethereum News Today: Ethereum Climbs 6.62 on Institutional Buying and ETF Inflows Near All Time High

Ethereum (ETH) is on the verge of challenging its all-time high as institutional demand intensifies and exchange-traded fund (ETF) inflows surge. ETH has risen more than 6.62% in the last 24 hours, currently trading above $4,675, and is less than 6% away from the record high of $4,891[1]. Since the start of the Asian trading session, the price reached a daily high of $4,734.45, with trading volume surging 25% and exceeding $61.58 billion[1].

The recent price rally has been fueled by substantial institutional buying. BitMine Immersion Technologies, a key Ethereum treasury firm, has filed with U.S. regulators to raise $24.5 billion in capital, which it plans to use for additional ETH purchases. The firm already holds over one million ETH and aims to own approximately 5% of the total supply. Such large-scale buying is reducing the circulating supply and adding upward pressure on the price[1].

Another major institutional player, SharpLink Gaming, has raised nearly $400 million to increase its Ethereum holdings. These strategic treasury moves are reinforcing the upward trend in the market[1].

Ethereum spot ETFs have also seen a significant influx of capital. Over the past five trading days, total inflows have surpassed $2.3 billion, with BlackRock’s ETHA fund leading with $640 million and Fidelity’s FETH adding $277 million[1]. According to Nate Geraci, president of The ETF Store, this marks one of the top five single-day inflow days since the launch of these ETFs. Since early July, spot ETH ETFs have outperformed Bitcoin ETFs by nearly $1.5 billion[1].

The growing demand is reflected in Ethereum’s price performance. Since the start of the year, ETH has surged over 40% this month. A contributing factor is the passage of the GENIUS Act in the U.S., which has created a clearer legal framework for stablecoins—many of which operate on Ethereum. The regulatory clarity is expected to boost Ethereum’s network usage and further drive institutional interest[1].

Crypto analyst Michael van de Poppe has noted that Ethereum’s price action resembles the bullish trend seen following the approval of Bitcoin ETFs earlier in the year. He believes that if the current buying momentum continues, ETH could soon test its all-time high[1].

Ethereum’s rise reflects a broader shift in institutional sentiment toward digital assets. The convergence of strategic buying by large investors, regulatory developments, and strong ETF inflows is creating a favorable environment for the cryptocurrency to break through key resistance levels and potentially set a new price benchmark.

Sources:

[1] https://coinmarketcap.com/community/articles/689ca14141a3df31840ed11d/

[2] https://www.ainvest.com/news/ethereum-news-today-ethereum-surges-5-eyes-4-800-breakout-1-billion-etf-inflows-2508/