Is Ethereum Price Set for Rally as Institutions Are Going Long on ETH?
The post Is Ethereum Price Set for Rally as Institutions Are Going Long on ETH? appeared on BitcoinEthereumNews.com.
Ethereum price recovered by more than 9% after US President Donald Trump shared a ceasefire between Iran and Israel. Meanwhile, institutional buying has remained strong as evidenced by the inflows to spot Ethereum ETFs. Institutional Buying of Ethereum Continues Spot Ethereum ETFs in the U.S. saw $100.7 million in net inflow, according to Farside Investors’ data on June 24. BlackRock’s ETHA witnessed $25.7 million in inflows. And Fidelity‘s FETH saw $60.5 million in inflow on Monday despite geopolitical tensions in the Middle East. Moreover, CoinShares also reported Ethereum (ETH) buying by institutional investors for the 9th consecutive week, with $124 million in inflows. According to the report, this marked the longest run of inflows since mid-2021. Meanwhile, several companies have announced an Ethereum treasury reserve strategy, adding ETH to their corporate treasuries. This includes SharpLink Gaming and Vault Ventures. Joseph Lubin’s ConsenSys Continues ETH Buying Blockchain software company ConsenSys, founded by Ethereum co-founder Joseph Lubin, continued its ETH accumulation strategy. In an X post on June 24, Lookonchain reported that a wallet likely linked to ConsenSys purchased another 3,704 ETH worth $8.91 million. The trade was conducted again through Galaxy Digital’s over-the-counter (OTC) trading desk. Notably, the wallet 0xCd9…F5F75 purchased a total of 161,112 ETH through Galaxy Digital OTC in the past 3 weeks. It is valued at almost $422 million. Arkham Intelligence showed that the wallet made frequent transfers to 0x0b2…83E57 wallet, which primarily holds Liquid Staked ETH (LsETH) over $187 million. However, it is unclear if the wallets are associated with ConsenSys. Last week, Lubin said Ethereum was becoming a “global trust layer,” powering applications and infrastructure beyond the scope of conventional finance. He pointed to Ethereum’s deep decentralization and versatile utility as key factors driving demand. From staking and smart contract execution to decentralized identity and collateralized lending, Ethereum plays a…
Filed under: News - @ June 24, 2025 9:29 pm