Ethereum captures the attention of institutional investors and large wallets: in the last ten days, BlackRock has loaded $1.7 billion into its iShares Ethereum Trust ETF and a single “mega whale” accumulates $300 million in ETH, while on-chain data shows a sharp increase in reserves in listed funds.
Why is Ethereum attracting the interest of whales?
According to the data recorded by Arkham Intelligence, one of the leading blockchain analysis companies, a single address has accumulated 79,461 ETH worth approximately $282.5 million. This operation confirms how the so-called mega whales — that is, those wallets with over 10,000 ETH — are intensifying their positions.
The phenomenon is not isolated: the number of addresses in this category has started to grow vigorously again, with over 200 new wallets added just at the beginning of July, according to Glassnode data. Among these whales are exchanges, large custodians, and ETP funds that are taking advantage of the recent volatility of Ethereum to strengthen their exposure.
On one hand, the weekend volatility — with an ETH price dropping below $3,400 — represented a perfect opportunity for new massive purchases. On the other hand, the movements of mega whales often anticipate trend reversals or significant price surges, making the entire sector cautious.
What is happening to Ethereum ETFs?
The ETF su Ethereum are proving to be one of the most significant driving forces of this accumulation boom. This is revealed by the numeri di Dune Analytics: in the last four weeks, the holdings of Ether in ETF funds have grown by over 40%.
In particular, the iShares Ethereum Trust by BlackRock (ETHA) has seen inflows of $1.7 billion over ten consecutive sessions, confirming a growing institutional interest in the asset. These vertical movements are a tangible response to the expectations of greater liquidity and bull prospects provided by these regulated instruments, especially among US investors.
Other major institutional players, exchanges, and custodians are following the trend, effectively characterizing the ETH market as increasingly “institutional” and strengthening its role as a strategic asset in the global portfolio.
What do the onchain data and market analyses say?
The data highlights a clear pattern: the accumulations of Ether in extra-large wallets and in ETF products are at historic highs. Since the first of July, each week has seen a constant increase in both the amount of ETH held in high-capital “bucket” and the value managed by the ETFs.
According to Monika Mlodzianowska of CoinW:
“The cooling trend in the labor market has frightened investors, but the likelihood of more accommodative monetary policies could soon reverse the bear trend, providing a favorable wind for the entire crypto sector.”
A new tweet by Eric Trump (son of President Donald Trump) urged followers on X to “buy the dip,” a further boost to the hype around the “buy the dip” narrative.
Lasciatemelo dire di nuovo:
₿uy the dips!!! $BTC $ETH https://t.co/VSOvTgnlOT
— Eric Trump (@EricTrump) 2 agosto 2025
Meanwhile, CNBC has defined Ethereum as “Wall Street’s invisible backbone” in a report published on Saturday, indicating an increasingly central role for the protocol in traditional finance.
How is the price of Ethereum moving?
The price of Ethereum experienced a drop during the July weekend, falling below $3,400 before quickly recovering and closing Monday above $3,560. This movement demonstrates a strong resilience of the price in the presence of large buying volumes.
Despite the consolidation, seasonality does not play in favor: Ethereum, just like Bitcoin, has historically recorded losses in the month of August for three consecutive years, with a double-digit decline in 2023 and 2024, but a growth of +35.6% in the bear summer of 2021.
What are the risks and prospects for those investing in Ethereum?
The current scenario suggests volatility — but also unprecedented opportunities. On one hand, the accumulation of whales and the explosion of ETFs represent a powerful bull support, but attention must be paid to the short-term risks related to a possible asset rotation and potential regulatory false starts.
At the same time, the narrative of Ethereum as the “backbone” of the new finance, amplified by media like CNBC and actions of public figures linked to Trump, creates the conditions for greater involvement from both retail and pro. Additionally, the record inflow into ETFs could translate, in the coming weeks, into a steady demand and new price peaks, especially if the Fed adopts more accommodative policies.
What to expect now for Ethereum? The future in the hands of the whales and the ETFs
The picture that emerges is clear: Ethereum is back in the spotlight of major investors, with signs of massive accumulation and new records on ETFs. The impact of these “mega wallets” and financial giants could push ETH towards a new expansion phase — if the current trends are confirmed by macro and regulatory developments.
During the coming weeks, we recommend keeping an eye on the whales, the moves of BlackRock, and any new inflows.
