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Ethereum spot ETFs have surged with a record $726 million inflow, driven primarily by BlackRock, as ETH price nears $3,400 amid rising institutional interest.
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Corporate treasuries are significantly increasing their Ethereum holdings, adding over 600,000 ETH in the last month, reflecting growing confidence in the asset’s long-term value.
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According to COINOTAG, whale wallets are actively purchasing ETH above $3,340, with recent individual buys totaling more than $38 million, signaling strong market conviction.
Ethereum spot ETFs hit a record $726M inflow led by BlackRock as ETH nears $3,400, supported by whale buying and corporate treasury accumulation.
Record Ethereum Spot ETF Inflows Highlight Institutional Demand
Ethereum spot ETFs in the United States have recorded an unprecedented daily net inflow of $726 million, surpassing the previous high of $428 million set in December 2024. This surge coincides with Ethereum approaching its highest price levels since early 2024, underscoring growing institutional appetite for ETH exposure. BlackRock’s Ethereum ETF (ETHA) was the primary beneficiary, attracting $499 million alone, followed by Fidelity’s FETH with $113 million in inflows. Collectively, these ETFs now hold over 5 million ETH, representing more than 4% of Ethereum’s circulating supply. Since their launch in July 2024, US spot Ether ETFs have amassed net inflows totaling $6.48 billion, reflecting increasing trust in Ethereum as a strategic asset.
Technical Indicators and Whale Activity Support ETH Price Momentum
Ethereum’s price momentum is currently supported by strong technical indicators, with the asset trading just below the $3,400 mark—an 8.85% gain over 24 hours. The 20-day and 50-day Exponential Moving Averages (EMAs) at $2,866 and $2,647 respectively provide critical support levels, reinforcing bullish sentiment. Market analysts attribute part of this strength to a decline in Bitcoin dominance, which has bolstered altcoin performance. On-chain data reveals significant whale activity, with prominent wallets such as “0x52e,” “0x310,” and “0x8af” acquiring large ETH amounts above $3,340. These purchases, totaling over $38 million, indicate growing confidence among high-net-worth investors in Ethereum’s sustained growth potential.
Exchange Withdrawals and Corporate Treasury Accumulation Signal Holding Sentiment
Investor sentiment is further evidenced by substantial ETH withdrawals from exchanges, signaling a preference for holding rather than selling. Whale wallet “0x35fb” recently withdrew 7,980 ETH valued at $26.86 million from Kraken, contributing to a weekly total of 88,292 ETH withdrawn. This trend suggests that large holders are increasingly securing their assets off-exchange, reducing market supply and potentially supporting price stability.
Corporate interest in Ethereum is also on the rise. SharpLink Gaming expanded its treasury holdings by acquiring 10,854 ETH worth $34.37 million, following a previous purchase of 10,614 ETH. The company’s total holdings now exceed 307,000 ETH. Over the past month, corporate treasuries have collectively added approximately 600,000 ETH, valued at over $2 billion, highlighting Ethereum’s growing role as a strategic reserve asset for businesses.
Market Implications and Future Outlook for Ethereum
The combination of record ETF inflows, robust whale buying, and increased corporate treasury accumulation points to a strengthening Ethereum market. These factors collectively reduce circulating supply on exchanges and enhance demand from institutional and corporate investors. While short-term price volatility remains possible, the prevailing trends suggest a solid foundation for Ethereum’s medium- to long-term growth. Investors should monitor technical support levels and on-chain activity closely to gauge ongoing market sentiment.
Conclusion
Ethereum’s recent record-breaking spot ETF inflows, coupled with significant whale purchases and corporate treasury accumulation, underscore a growing institutional and corporate conviction in ETH’s value proposition. As Ethereum approaches key price milestones supported by strong technical indicators, these developments signal a positive outlook for the asset’s adoption and market performance. Stakeholders are encouraged to stay informed on evolving on-chain metrics and ETF flows to navigate this dynamic landscape effectively.
