Ether Soars: Biggest Monthly Rally Since 2022 Fueled by ETF Frenzy & Corporate Treasury Bets

Ethereum's native token just moonwalked past its best monthly performance in three years—and Wall Street's latest crypto-crush is writing the checks.

The ETF effect hits hyperdrive

Spot ETH ETF approvals finally materialized in late July, triggering a institutional buying spree that left even bitcoin maximalists checking their portfolios twice. Trading volumes suggest hedge funds are rotating out of stodgy Treasuries faster than a DeFi exploit drains a vulnerable protocol.

Corporate treasuries join the party

Blue-chip companies now hold ETH alongside BTC in reserve assets—because nothing says 'innovative capital allocation' like chasing 30-day returns during a liquidity glut. Meanwhile, crypto CFOs whisper about tax advantages while their auditors sweat through Zoom calls.

The rally's got legs, but remember: every institutional embrace comes with the risk of a regulatory bear hug. Enjoy the volatility while it lasts—the SEC's lawyers certainly are.

This time, the rally has a different driver with money pouring in from capital markets.

U.S.-listed spot ETH exchange-traded funds (ETFs) absorbed $5.4 billion of net inflows through the month, their strongest streak since the products debuted last year, SoSoValue data shows.

Corporate balance sheets are also following suit. As part of the digital asset treasury frenzy, public companies have gobbled up $6.2 billion worth of ETH, according to data gathered by CEX.io. Tom Lee's Bitmine and Joseph Lubin's SharpLink are the two most notable players, but the latest entrants, like ETHZilla and Ether Machine, have already raised large sums of capital from institutions to deploy for asset purchases.

The price action came hand-in-hand with a positive narrative shift, positioning ETH as a key proxy for the booming stablecoin and tokenization market.

With the new U.S. rules for stablecoins under the Genius Act and Ethereum hosting more than half of the $250 billion stablecoin supply, that clarity could cement its role as the backbone of dollar-pegged tokens.

Price-wise, ETH is currently facing resistance at $4,000, where multiple attempts to break higher failed last year. The crypto market is also entering a historically quiet phase, which could see the rally cool off in a consolidation phase.

Still, ETH might have some "juice in the tank" to push as high as $4,700 as part of its current run, well-followed crypto investor Bob Loukas said in an X post.