Ethereum News Today: Ethereum Surges 32% in Two Weeks as Institutional Investments Hit Record High

On Wednesday, Ethereum surged to a five-month high of $3,470, although it has since slightly retreated to $3,466. The cryptocurrency has seen a remarkable 32% rally over the past 14 days, despite Bitcoin's recent record-breaking highs. Ethereum remains significantly below its 2021 peak of nearly $4,900.

The recent price surge coincides with a surge in institutional investment, as spot ETH exchange-traded funds (ETFs) in the U.S. attracted over $726.74 million on Wednesday, marking their highest daily net inflow. This influx was primarily driven by BlackRock’s ETHA, which saw $500 million in investments, and Fidelity’s FETH, which attracted $113 million. Eight out of the nine Ether funds recorded positive flows for the day.

This record-breaking inflow surpassed the previous net inflow record set on December 5, 2024, by approximately 70%, when investors injected $428.5 million into Ethereum funds. Since the beginning of July, ETH ETFs have accumulated total net inflows of $2.27 billion, the highest monthly amount since the funds were launched last July. This trend indicates that Ethereum is increasingly being viewed as a long-term institutional asset rather than just a trading tool.

According to an X user known as Trader T, the U.S. spot ETH ETFs now collectively hold over 5 million ETH, which represents more than 4% of the asset’s total supply. This significant holding underscores the rapid influx of institutional money into Ethereum.

Ethereum's current bullish momentum is further supported by a growing number of public companies investing in the cryptocurrency as a treasury asset. SharpLink Gaming, founded by Ethereum co-founder Joseph Lubin, has become the largest holder with 280,706 ETH as of July 15, surpassing the Ethereum Foundation’s holdings. Additionally, Peter Thiel and his Founders Fund have acquired a 9.1% stake in BitMine Immersion Technologies, a crypto mining company that holds approximately half a billion dollars worth of ETH in its treasury.

With Ethereum up 34% month-to-date, the continued surge in institutional demand could propel the cryptocurrency to new all-time highs. The recent developments suggest that Ethereum is gaining traction as a preferred asset for long-term investment, driven by both institutional inflows and corporate treasury allocations.