# Major Wall Street Institutions Accelerate Ethereum (ETH) Holdings with Over 1 Million ETH Acquired in July

Wall Street heavyweights are making bold moves into the Ethereum (ETH) market, collectively purchasing over 1 million ETH since early July. Leading the pack are BlackRock and Fidelity, which together account for an impressive 70%—or approximately 700,000 ETH—of these acquisitions.

Industry reports from Passide Investors and CoinShares highlight BlackRock’s aggressive accumulation strategy. On July 21, the asset management giant acquired 27,158 ETH, valued at approximately $100 million. This brought BlackRock’s total Ethereum purchases for July to over 400,000 ETH, representing investments exceeding $3 billion (roughly 4 trillion won).

BlackRock’s commitment to Ethereum has been relentless throughout the month. On July 17 alone, the firm made a remarkable acquisition, owning about 2.02 million ETH. Subsequent purchases included 158,875 ETH (worth $574 million) on July 18 and another 113,586 ETH on July 19. These acquisitions have significantly bolstered the reserves of BlackRock's Ethereum Spot ETF, ETHA.

ETHA now dominates the U.S. Ethereum spot ETF market, accounting for 90%–98% of total Ethereum ETF inflows. The fund currently holds an impressive 2.5 million ETH, equivalent to 4.5% of Ethereum's circulating supply, reaffirming its pivotal role in institutional adoption.

# Intensifying Demand: $5 Billion in Institutional Ethereum Holdings Beyond ETFs

The Ethereum investment frenzy isn’t limited to BlackRock. Other top U.S.-based asset managers are also aggressively competing to expand their Ethereum positions. Fidelity’s FETH fund secured over 300,000 ETH in July alone, while Grayscale’s ETHE product reported nine consecutive days of net inflows.

In addition to ETF-focused investments, non-ETF institutions are stepping up their Ethereum acquisition efforts. SharpLink alone accumulated 157,000 ETH in July, worth approximately $500 million, while BitMine Immersion acquired an even larger sum. Ethereum Reserve SPAC further added 400,000 ETH to its portfolio. Collectively, these non-ETF entities are estimated to have purchased over 1 million ETH in July.

Based on Ethereum's current trading price of roughly $3,800 per ETH, total institutional investments for July exceed a staggering $3.8 billion (approximately 5 trillion won). This data underscores that Wall Street's Ethereum acquisitions go beyond ETF-linked strategies. Institutions appear to be viewing Ethereum as a critical asset in its own right, embracing its versatility as "programmable money." Beyond serving as a store of value, Ethereum plays a vital role in payments, staking, and as the backbone of decentralized financial infrastructure.

# Ethereum Surpassing Bitcoin: The Institutional Paradigm Shift

The escalating interest in Ethereum among institutional investors reflects a paradigm shift from Bitcoin (BTC) to ETH. This trend, driven by long-term strategic planning rather than speculative trading, signals a growing acknowledgment of Ethereum’s value proposition within traditional capital markets. Institutions are not merely utilizing ETFs but have started incorporating direct Ethereum holdings into their portfolios.

Tom Lee, co-founder of Fundstrat and chairman of BitMine Immersion Technologies, passionately remarked, “Ethereum is Wall Street’s preferred blockchain infrastructure. When assessed based on enterprise value, ETH has the potential to soar as high as $15,000.”

From corporate treasuries to private equity firms, large-scale entities are increasingly allocating capital to physical Ethereum, suggesting a structural shift in institutional demand. Analysts note that Ethereum’s dual utility as a financial asset and a blockchain platform makes it an indispensable component of any forward-looking investment strategy.

Adding to the bullish sentiment, Lee predicted that Ethereum might even hit $15,000 by the end of the year, citing whale activity that revealed the accumulation of 500,000 ETH. According to blockchain data, these whale wallets serve as a telling indicator of where the market is headed, with Ethereum being a focal point for future growth.

# Conclusion: Ethereum Poised to Lead Wall Street’s Blockchain Revolution

Wall Street's broadened focus on Ethereum signifies a monumental shift in the cryptocurrency market. The growing tendency to prioritize Ethereum over Bitcoin stems from ETH’s superior enterprise utility, robust staking mechanisms, and its role as a pivotal infrastructure layer in the blockchain ecosystem.

Institutional investments in Ethereum are snowballing into what could be a game-changing transformation for the financial sector. Recognizing Ethereum's potential to revolutionize payment systems and disrupt traditional financial infrastructure, Wall Street institutions are aligning themselves with what they see as the future of digital finance.

As Ethereum solidifies its role at the core of blockchain innovation, all signs suggest that institutional players are betting big on its long-term dominance, potentially ushering in an “Age of Ethereum.”