Ethereum Reserves Surge to $6 Billion as Institutions Pivot from Bitcoin to ETH
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Institutional Confidence Drives Massive ETH Inflows
A wave of institutional confidence is fueling this unprecedented accumulation of Ether. Corporations are reportedly amassing ETH in record amounts, and Ethereum Exchange-Traded Funds (Ethereum) are experiencing new peaks in inflows. For instance, SharpLink Gaming, a company backed by Ethereum co-founder Joseph Lubin, substantially increased its stock offering from $1 billion to $6 billion, earmarking the majority of these funds for ETH purchases. SharpLink's Ether holdings alone now exceed 321,000 ETH, valued at approximately $1.1 billion, showcasing an aggressive treasury management strategy.
Over the past 30 days, treasury-focused companies collectively acquired more than 545,000 ETH, amounting to $1.6 billion. This concerted buying effort has been instrumental in pushing the total strategic ETH reserve past the $6 billion mark for the first time. Other significant contributors include Bitmine Immersion Technologies, which boasts over $1 billion in ETH and aims to acquire and stake 5% of the overall ETH supply, and Gamesquare, which recently raised $70 million for its Ethereum treasury and approved a further $100 million growth plan.
Ethereum ETFs Mirror Institutional Shift
The surge in institutional interest is also profoundly reflected in the performance of Ethereum ETFs. Total inflows into these investment vehicles have recently topped $6 billion. BlackRock's ETHA, for example, alone attracted $546 million in inflows, while spot Ethereum ETFs have cumulatively drawn over $4 billion in net inflows since mid-April. This robust investment activity through traditional financial instruments underscores a clear and accelerating rise in institutional appetite for Ethereum, as its utility beyond a store of value becomes increasingly apparent.
