Institutional demand for Ethereum (ETH) continues to accelerate, with fidelity becoming one of the biggest daily purchases this week.
According to blockchain analysis from LookonchainFidelity Ethereum Fund (FETH) added 33,788.82 ETH on July 22, bringing a total holding of $2.33 billion at current market value to 629,202 ETH, worth approximately $124 million.
Updated July 22nd:
10 #bitcoin etfs
Netflow: -1,477 $BTC (-176.21M) #ARK21SHARES Outflows 665 $BTC ($79.31M), currently holding $49,586 BTC ($5.91B).9 #ethereum etfs
Netflow: +75,296 $ETH (+$278.45M) 🟢 # Fidelity inflow 33,953 $ETH ($125.56M), currently owns 629,202…pic.twitter.com/7g6igzpmtd– lookonchain (@lookonchain) July 22, 2025
Recently, there was a broader institutional pivot towards Ethereum, with approval from the Spot ETH ETF earlier this year. Over all listed Ethereum ETFs, net inflows have skyrocketed by 650,468 ETH over the past seven days, with total ETF stock currently surpassing the 5.22 million ETH, representing $193.1 billion.
Major investment funds are insufficient for Ethereum
Meanwhile, BlackRock expanded its Ethereum status and purchased 27,158.86 ETH, valued at almost $100 million via iShares Ethereum Trust (ETHA). The fund currently owns 2.59 million ETHs, making it the single largest institutional owner of Ethereum among the ETFs.
In addition to the wave of activities, Ark Invest has revealed a strategic acquisition of Bitmine Immersion (BMNR) stock worth $182 million. The move is designed to support the company’s growing Ethereum financial strategy as ARK seeks to diversify blockchain exposure through both its owned and infrastructure assets directly.
Other major funds, such as Grayscale, Bitwise and Vanek, also recorded large weekly inflows. In particular, Grayscale’s Ethereum Mini Trust saw a seven-day net inflow of 60,529 ETH, while Bitise added 12,758 ETH.
These influxes are consistent with the growing role of Ethereum as a facility-grade asset, strengthened by improved regulatory clarity and liquidity through ETF access. As capital continues to support cryptocurrency, Ethereum appears to have solidified its position along with Bitcoin as a major investment vehicle.