Institutional investors are aggressively accumulating Ethereum, purchasing over 58,000 ETH worth approximately $212 million through platforms including Galaxy Digital and FalconX. A single notable transaction involving a $50 million ETH buy on Binance highlights the intensified whale activity.
Ethereum spot ETFs have attracted $2.2 billion in institutional inflows, reflecting robust confidence in the asset’s long-term value. ETF analyst Nate Geraci emphasized these inflows demonstrate strong institutional endorsement amid Ethereum’s expanding utility in decentralized finance (DeFi) and tokenization.
Market experts project significant price appreciation, with former BitMEX CEO Arthur Hayes forecasting Ethereum surpassing $4,000 imminently and potentially hitting $10,000 by year-end. This optimism follows Ethereum trading near $3,710, backed by a market capitalization exceeding $450 billion.
Entities like SharpLink accelerated accumulation with nearly 5,000 ETH acquired in one day, bringing its July total to over 157,000 ETH valued at $500 million. This buildup aligns with expectations of major market movements as Ethereum solidifies its position among top global assets.