- Institutional inflows surpass $400M as Ethereum hits $2,721, signaling growing long-term confidence in ETH’s utility and value.
- BlackRock-linked wallet accumulates 149,453 ETH via Coinbase Prime, showcasing a deliberate, strategic buildup of Ethereum custody.
- Coordinated whale transfers move $112M in ETH-based assets, highlighting capital rotation and increased demand across diversified portfolios.
Ethereum surged to a high of $2,721 today, driven by a wave of institutional accumulation that underscores growing confidence in ETH’s long-term potential. Institutions have moved more than $400 million worth of Ethereum (ETH) in the past week, signaling a strong directional shift in on-chain accumulation. The transactions, traced between Coinbase Prime and BlackRock’s ETHA wallet, show persistent high-volume transfers with no meaningful outflows.
Data reveals that over 149,453 ETH, worth approximately $384 million, was sent from Coinbase Prime to BlackRock ETHA over seven days. Transfers ranged in size from 7,241 ETH to 10,000 ETH, with most valued between $25 million and $26.6 million. These consistent volumes point to deliberate, long-term positioning rather than short-term speculative trades.
Such movements suggest aggressive buildup under institutional custody. Notably, there was only one recorded inflow back to Coinbase during this entire period, totaling just 140.651 ETH or roughly $348,600. The one-sided nature of these flows emphasizes accumulation and strong conviction around Ethereum’s future utility and value.
ETH Custody Transfers Reflect Institutional Strategy
The ETHA entity receiving these inflows is linked to BlackRock and appears structured for centralized Ethereum custody. This setup likely supports a broader investment vehicle focused on ETH exposure, with Coinbase Prime serving as the operational pipeline for executing bulk transfers.
Each transfer took place via secure hot wallets, reflecting a custodial framework optimized for institutional compliance and capital deployment. The repeated volume and precision of the ETH amounts highlight a calculated approach to positioning in anticipation of broader market developments.
This pattern indicates institutional confidence in Ethereum’s long-term fundamentals. The scale and regularity of these inflows suggest readiness for possible spot ETF approval or increased demand from high-net-worth clients.
Whale Movements Confirm Coordinated Capital Deployment
Whale-level transactions further validate the institutional activity around Ethereum. A Binance wallet moved 18,000 ETH, valued at $48.45 million, to a Gnosis Safe Proxy. Additional movements followed, including 16,000 stETH and 2,000 ETH sent through ParaSwap for potential asset rotation or rebalancing.
In under 24 hours, over $112 million in Ethereum-based assets moved across wallets tied to whale activity. The repetition of addresses and centralized routing implies coordinated action by high-capital entities managing diversified ETH portfolios.
Ethereum Dominates Liquidity and Market Momentum
Ethereum leads Layer 1 networks with $9.9 million in net bridged inflows over 24 hours. It also posted a $150 million increase in stablecoin supply, while Solana and other chains recorded negative flows and flat stablecoin activity.
Ethereum is now trading at $2,679.25, up 7.72% in the last 24 hours. It holds a market cap of $323.44 billion with 24-hour volume reaching $27.08 billion, marking a 99.34% surge. Circulating supply stands at 120.72 million ETH with no capped maximum, further solidifying Ethereum’s unmatched role as crypto’s liquidity engine.
