Institutional investments in Ethereum continue to show growth, with significant acquisitions by major companies including Fidelity and BlackRock.
Purchases by Fidelity and BlackRock
On July 22, Fidelity made its largest daily Ethereum acquisition to date, adding nearly 34,000 ETH worth approximately $124 million. Their total holdings amount to over 629,000 ETH valued at $2.33 billion. BlackRock also strengthened its position by purchasing around 27,000 ETH through its iShares Ethereum Trust, now controlling 2.59 million ETH, making it the largest ETH holder among ETFs.
Impact of ETFs on the Ethereum Market
Over the past week, all spot ETH ETFs saw inflows of over 650,000 ETH, increasing total institutional ETF holdings to over 5.22 million ETH, or $19.3 billion. This data highlights a growing interest from institutional investors as access to Ethereum through ETFs becomes easier.
Strategies of Other Institutional Players
Other major players such as Grayscale, Bitwise, and VanEck also recorded notable ETH inflows, with Grayscale's Ethereum Mini Trust adding 60,000 ETH. Additionally, ARK Invest opted to invest $182 million in BitMine Immersion shares, as part of their broader Ethereum strategy.
The Ethereum market shows active growth in institutional investments, with increasing purchase volumes from major firms. These trends may indicate a future sustained interest from institutional investors in this asset.
