Ethereum (ETH) Price Analysis: Fund Inflows Continue for 12 Weeks, Corporate ETH Reserves List Rapidly Expands

Ethereum (ETH) is once again challenging the important threshold of $3,000, with long positions backed by enterprise-level bullish support. Over the past month, top Ethereum fund companies have absorbed at least $1.6 billion worth of Ethereum, and as the price of Ethereum rises, institutional buying has also significantly increased over the past week.

According to the recent purchase announcement, the corporate Ethereum fund has accumulated over 545,000 ETH in the past 30 days.

On Monday, BitMine Immersion Technologies, chaired by Tom Lee of Fundstrat, announced that its total holdings of Ether amounts to 163,142 ETH, valued at approximately $480 million based on current market value.

Compared to Michael Saylor's Strategy company (formerly MicroStrategy) significantly increasing its Bitcoin holdings, Tom stated, "The ability to accumulate 5% of the ETH supply through ETH treasury bonds can benefit from similar 'Wall Street put options,'" which means Wall Street will be optimistic about Ethereum just as it is about Bitcoin and strategy funds.

Joe Lubin's SharpLink is the king of capital

Meanwhile, Joe Lubin's gaming platform SharpLink acquired 10,000 ETH on July 11, 16,370 ETH on July 13, and on Monday purchased 24,371 ETH for 73.2 million USD, bringing its total to over 255,000 ETH, making it the largest corporate holder of reserve Ethereum.

Consensys founder Lubin even referred to himself as "a representative of the extraordinary ETH accumulators gentlemen's alliance" and expressed respect for BitMine and other companies' recent accelerated accumulation.

Corporate ETH Reserves List Expands

Other recent acquisitions of Ethereum for corporate finance include the digital asset platform Bit Digital, which holds over 100,000 ETH, and Blockchain Technology Consensus Solutions (BTCS), which raised $62.4 million this month to expand its ETH holdings to 29,122 ETH.

At the same time, GameSquare announced a strategic plan for a 100 million dollar Ether treasury on July 8.

(Source: Strategicethreserve)

Ethereum fund inflows nearly 1 billion USD

Asset management firm CoinShares reported on Monday that the digital investment fund based on Ethereum has seen inflows for the 12th consecutive week, totaling $990 million, making it the fourth largest weekly inflow in history.

So far this year, inflows into Ethereum products have exceeded $4 billion, with nearly 30% flowing in over the past two weeks, as institutions have rushed into the asset.

CoinShares pointed out that, in comparison, the inflow of funds into Ethereum over the past 12 weeks accounted for 19.5% of the total assets managed by all Ethereum funds globally, while the inflow of funds into Bitcoin funds accounted for 9.8%.

On July 11, the price of ETH broke above $3,000 for the first time since February, but has since fallen back below that level as of this writing.