Ethereum’s Institutional Surge: BlackRock’s ETH ETF Hits 2 Million ETH Milestone

BlackRock’s iShares ethereum Trust (ETHA) has achieved a monumental milestone by accumulating over 2 million ETH, valued at approximately $5.5 billion, as of July 13, 2025. This significant holding represents about 1.65% of Ethereum’s circulating supply, now concentrated within a single U.S. spot ETF. The past week marked ETHA’s strongest performance since its launch, driven by robust institutional inflows. This development underscores the growing institutional demand for Ethereum, signaling a bullish outlook for the cryptocurrency's future. The accumulation of such a substantial amount of ETH in a short period highlights the increasing confidence of large-scale investors in Ethereum's long-term potential. As institutional interest continues to rise, Ethereum's market dynamics are poised for further growth, reinforcing its position as a leading digital asset in the financial sector.

BlackRock's ETH ETF Surpasses 2 Million ETH, Signals Rising Institutional Demand

BlackRock’s iShares Ethereum Trust (ETHA) has crossed a significant threshold, amassing over 2 million ETH—worth approximately $5.5 billion. This represents about 1.65% of Ethereum’s circulating supply, now concentrated in a single U.S. spot ETF. Holdings reached 2,001,081 ETH by July 13, fueled by robust institutional inflows.

The past week marked ETHA’s strongest performance since launch, with net inflows exceeding $900 million. Three of its top 10 largest daily inflows occurred in the last seven days, underscoring growing confidence in Ethereum ETFs. The fund’s price rallied nearly 17% weekly, closing at $22.80 on Friday.

U.S. spot Ethereum ETFs collectively manage $13.5 billion, capturing nearly 3.8% of ETH’s market cap. BlackRock dominates the space, followed by Fidelity, Bitwise, and Grayscale. Total net inflows across all funds have surpassed $5.3 billion, reflecting accelerating institutional adoption.

The trend signals a structural shift: Ethereum is increasingly migrating from circulating supply to long-term institutional custody. With substantial ETH volumes exiting the open market, supply dynamics are tightening—a potential catalyst for future price appreciation.

CryptoPunks Lead NFT Market Surge as Weekly Sales Volume Jumps 34%

The NFT market recorded a 34.19% surge in weekly sales volume, reaching $133.66 million, despite a sharp 86.99% drop in buyer participation. CryptoPunks dominated the high-value transactions, claiming all top 10 sales spots.

CryptoPunk #6774 led with a $162,700 sale (54.2 ETH), followed by #1812 at $136,840 (46.3 ETH) and #6536 at $134,140 (45 ETH). The divergence between rising whale activity and declining retail interest suggests a market consolidation around blue-chip assets.

Ethereum Breaks $3,000 Resistance, Targets $4,000 Amid Bullish Momentum

Ethereum has decisively broken through the $3,000 barrier, marking a significant technical milestone after weeks of consolidation. The breakout, accompanied by rising volume, signals strong bullish conviction as ETH trades above all key moving averages—a classic hallmark of a healthy uptrend.

Market structure now mirrors previous parabolic runs, with the $3,200-$4,000 gap appearing as the next logical target. While the RSI entering overbought territory may invite short-term profit-taking, such conditions often persist during powerful bull markets.

The $3,000 level transforms from resistance to critical support. Sustained trading above this threshold could accelerate momentum toward $3,500 and beyond, while a failure to hold risks a return to prior ranges. Ethereum's technical posture suggests institutional and retail interest are aligning for potential continuation.

SharpLink Gaming Expands Ethereum Treasury with $48.85M Purchase

SharpLink Gaming has deepened its commitment to Ethereum, acquiring an additional $48.85 million worth of ETH. This latest purchase follows a $63.7 million accumulation earlier this month, bringing the company's estimated holdings to 270,000 ETH—solidifying its position as the second-largest corporate holder of the cryptocurrency.

The Minneapolis-based firm initiated its Ethereum treasury strategy in May, backed by a $425 million private placement led by Consensys. Ethereum co-founder Joseph Lubin, now SharpLink's chairman, played a pivotal role in the funding round. The company's aggressive accumulation signals both financial conviction and a strategic bet on Ethereum's long-term ecosystem growth.

Blockchain analysts traced Sunday's 16,374 ETH purchase to Galaxy Digital's OTC desk, though SharpLink has yet to formally confirm the transaction. The move exemplifies growing institutional interest in crypto treasury strategies, with Ethereum emerging as a preferred reserve asset alongside Bitcoin.

SharpLink Becomes Second-Largest Corporate Holder of ETH with 270,000 Tokens

SharpLink has amassed over 270,000 ETH, positioning itself as the second-largest corporate holder of the cryptocurrency, trailing only the Ethereum Foundation. The Minneapolis-based sports betting and entertainment tech company is now integrating Ethereum into its treasury infrastructure, signaling a strategic shift beyond mere investment.

Ethereum's price rebound aligns with Bitcoin's recovery, fueled by institutional interest in DeFi, staking, and blockchain analytics. SharpLink's aggressive acquisitions include 10,000 ETH purchased for $25.7 million directly from the Ethereum Foundation, followed by 21,487 ETH secured from Galaxy Digital and Coinbase Prime.

The Ethereum Foundation's decision to sell ETH sparked criticism within the crypto community, with some interpreting it as a lack of confidence in the asset's long-term value. SharpLink's accumulation, however, underscores growing institutional adoption.

MoonPay Executives Allegedly Scammed Out of $250K in Ethereum via Political Donation Ruse

Two senior executives from cryptocurrency payments firm MoonPay were reportedly deceived into transferring $250,000 worth of Ethereum (ETH) to a scammer posing as a Trump inauguration fundraiser. The U.S. Department of Justice complaint indicates the targets were likely CEO Ivan Soto-Wright and CFO Mouna Ammari Siala, though their names were redacted in official documents.

The fraudulent scheme involved sophisticated spoofing tactics, with the perpetrator using a deceptive email domain ('t47lnaugural' substituting 'l' for 'i') to impersonate Steve Witkoff, co-chair of the TRUMP Inaugural Committee. Etherscan transaction records show the funds were sent on December 26, 2024, with the victims subsequently emailing confirmation of the 'donation' to their impersonator.

This incident highlights persistent security vulnerabilities in crypto transactions, particularly social engineering attacks targeting high-net-worth individuals in the digital asset space. The case emerges alongside growing industry focus on security enhancements, with developments like Shibarium's layer-2 solution demonstrating blockchain's evolving capacity to mitigate such risks through improved transaction transparency and verification protocols.