FTX has recently been attracting attention in the cryptocurrency market by massively staking Ethereum (ETH). Simultaneously, with BlackRock and new whale wallets joining large-scale ETH purchases, analysts suggest that institutional investors' confidence in ETH has significantly increased. Experts analyzed that the surge in Ethereum (ETH) ETF fund inflows and long-term holding strategies are causing a critical change in ETH's market supply and demand structure.
According to on-chain analysis firm LookOnChain, FTX and Alameda Research staked 20,736 ETH within one hour. This amounts to approximately $79 million (about 10.98 billion won). Previously, these companies were confirmed to have withdrawn a total of 21,650 ETH worth about $75.3 million (about 10.45 billion won) from Bybit exchange between December 17, 2024, and January 9, 2025. The current ETH price is $3,860 (about 5.36 million won), having risen 7% over the past week.
Institutional investors are also making significant moves. The world's largest asset management firm BlackRock ($BLK) has additionally purchased ETH worth $375 million (about 521.3 billion won) this week alone, currently holding ETH worth $11.4 billion (about 1.58 trillion won), which corresponds to 2.5% of the total circulating supply. Moreover, BlackRock's subsidiary iShares has acquired over 3 million ETH, purchasing 1 million ETH in the past month since launching the Ethereum ETF in 2024.
Corporate acquisitions are also continuing. The Ether Machine, an ETH-focused company, recently added 15,000 ETH for $56.9 million (about 79.1 billion won), expanding its holdings to over 334,000 ETH. Nasdaq-listed SharpLink also purchased an additional 11,359 ETH (about 172.9 billion won) that day, increasing its total holdings to 449,276 ETH. Notably, a significant portion of the newly acquired ETH by SharpLink has been staked.
New whale wallet movements are also notable. From July 9th, 11 wallets purchased a total of 722,152 ETH, which is approximately $2.77 billion (about 3.85 trillion won) at current market rates. Among these, 3 wallets bought 73,821 ETH (about 393.4 billion won) in the past 24 hours. Most of these wallets immediately staked their ETH, demonstrating a long-term holding intention.
The continuous ETH inflow from major institutions and whales is also evident in the ETF market's boom. In July 2025 alone, funds flowing into Ethereum ETFs reached $5.41 billion (about 7.52 trillion won), exceeding the total inflow of $4.21 billion over the previous 11 months. The total inflow since its launch in 2024 has reached $9.62 billion (about 13.36 trillion won).
This trend shows that confidence in ETH is shifting from short-term speculation to long-term investment strategies. The market no longer views ETH as a simple digital asset but is expanding its position as a long-term value storage medium and a strategic investment destination trusted by institutions.
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