The Ethereum market is sending mixed signals, but one thing is clear: institutions are still buying. Despite ETH price struggling to hold above $4,000, Ethereum ETF inflows remain powerfully strong. On Wednesday, these funds pulled in another $169 million, proving that big money sees current prices as a buying opportunity.
Strong Ethereum ETF Inflows Continue
BlackRock is leading the charge. Its iShares Ethereum Trust (ETHA) brought in a massive $163 million of the day’s total Ethereum ETF inflows. The fund also saw $1.4 billion in trading volume, showing serious institutional activity. This performance has pushed BlackRock’s Ethereum ETF into the top 15 out of over 4,400 ETFs in the U.S., a huge milestone for crypto.
This consistent demand comes after a rough start to the week that saw outflows. It seems institutions used the price dip to load up more, not pull out.
Institutions Are Backing Up Their Belief with Money
The faith isn’t just in ETFs. BitMine Immersion Technologies, chaired by Tom Lee, just made another huge move. They bought an additional 104,336 ETH, worth about $417 million, during the recent dip. This brings their total stash to a staggering 3.04 million ETH, making them the largest corporate holder of Ethereum by a wide margin.
Overall, public companies now hold about 4% of all Ethereum. Most of this was bought in the last few months, showing a sudden and strong wave of institutional adoption.
My Thoughts
This is a classic smart money vs. market sentiment story. While regular traders worry about the price, institutions are quietly accumulating billions of dollars worth of ETH. With 40% of the supply effectively locked up, this could be setting the stage for a massive supply shock. If the price breaks above $4,250, the resulting squeeze could be explosive.
