Ethereum’s Rise: The New Darling of Institutions? 🚀

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It seems that Ethereum, with its real-world utility, rising ETF inflows, and growing role in tokenized finance, is slowly becoming the choice of institutions. Major institutions are shifting from Bitcoin to Ethereum, much to the amusement of some and the bewilderment of others. 🤷‍♂️

Bit Digital Goes All-In on ETH

Recently, Bit Digital made a bold move by shifting its entire corporate strategy from Bitcoin to Ethereum. After a $172 million equity raise, the company has now accumulated over 100,000 ETH, making it one of the largest Ethereum-holding corporations globally. One can almost hear the collective sigh of relief from the Ethereum community. 🙌

Bit Digital CEO said in an interview with CNBC that “Ethereum is the next wave.” With real economic activity, a massive developer base, and growing stablecoin and tokenization volume, he sees ETH as a new kind of strategic asset that captures value. One might wonder if he’s seen the future, or just a particularly convincing mirage. 🌵

Ethereum Takes the Center Stage at Cannes

Ethereum also took the spotlight in Cannes as the Ethereum Community Conference (EthCC) turned the famous film venue into a hub for crypto leaders and builders. The event showcased how Ethereum is becoming the backbone of modern finance. It’s as if the red carpet was rolled out for the blockchain, and everyone was invited to the party. 🎉

Recently, Robinhood also made headlines by launching tokenized U.S. stocks on Ethereum’s Arbitrum network for European users. This news pushed its stock above $100 for the first time, which shows rising support for Ethereum from major players. Besides, local governments are also exploring blockchain adoption. It’s a brave new world, indeed. 🌍

Trad-Fi Giants Choosing Ethereum

Deutsche Bank is building a tokenization platform on zkSync, an Ethereum Layer 2, to help asset managers issue tokenized funds, stablecoins, and real-world assets. Coinbase and Kraken are gearing up to offer tokenized stock trading. BlackRock’s BUIDL fund is already live on Ethereum, offering real-time yields. Even with newer blockchains boasting speed and low fees, Ethereum remains the backbone of tokenized finance. Around 65% of USDC transactions still run on Ethereum, and it holds nearly half the stablecoin market, according to CoinGecko. It’s like the tortoise in the race, slow but steady. 🐢

Vitalik Buterin noted that institutions value Ethereum not for speed, but for reliability, privacy, and long-term trust. One might say, “Better late than never,” but who are we to judge? 🤷‍♀️

Ethereum is up nearly 3% this week, and several Ethereum-linked stocks also surged alongside it. BitMine Immersion jumped over 1,200% after switching its treasury to ETH. Bit Digital, now focused on Ethereum staking, also rose over 34% last week. SharpLink Gaming recently added $20 million in ETH and climbed 28% in a day. It’s a wild ride, and the rollercoaster isn’t showing any signs of slowing down. 🎢

Corporate ETH grab is going parabolic:

• SharpLink (SBET) now holds 188,478 ETH ($490mn)
• Bit Digital (BTBT) just flipped to 100,603 ETH ($260mn)
• Tom Lee’s BitMine ready to buy ~100,000 ETH ($250mn)

Total 388,000 ETH vs. only 70,000 ETH minted this month.

— Eric Conner (@econoar) July 7, 2025

Eric Conner shared recently that corporate demand for Ethereum is exploding. Major firms are rapidly accumulating ETH, with nearly 388,000 ETH scooped up by SharpLink, Bit Digital, and BitMine combined. With only 70,000 ETH minted this month, demand is far outpacing supply. It’s a bit like a gold rush, but with digital gold. 🏴‍☠️

Institutional Interest Grows With ETF Inflows

ETH ETFs are also seeing steady inflows. Data from Coinglass shows that ETH-focused funds have seen two straight months of net inflows. But ETH ETFs remain small at $11B, a fraction of Bitcoin’s $138B. The gap is big, but the momentum is shifting. It’s like watching a slow-motion train wreck, but in a good way. 🚄

Data from Glassnode shows that Ethereum spot ETFs have seen positive flows for 8 straight weeks, with over 61,000 ETH added, which shows steady investor demand. It’s a testament to the enduring appeal of Ethereum, despite the competition. 🏆

Although its price has stayed relatively flat and is facing more competition from faster chains like Solana, big players are still choosing ETH because of its real-world use. It’s like choosing a reliable old friend over a flashy new acquaintance. 🤝

Breakout For Ethereum?

ETH peaked in 2017 and 2021. Analysts believe that it is showing the same breakout pattern in 2025. The structure looks strong, with a parabolic upside potentially on the way. Analyst Carl Moon says that Ethereum needs to break above $2,700 soon or it could risk a sharp drop from a rising wedge pattern. It’s a high-stakes game, and the stakes just keep getting higher. 🎲

Ethereum is currently trading at $2,553, down 0.8% in the last 24 hours. It’s a rollercoaster, but one that many are willing to ride. 🎢

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2025-07-08 10:34