TL;DR
- FTX staked $79M ETH after withdrawing $75M, signaling renewed activity from major crypto players.
- BlackRock now holds 2.5% of all ETH, adding $375M more through its growing Ethereum ETF.
- Eleven new whale wallets added 722K ETH since July, with most already staked for the long term.
- Ethereum ETFs saw $5.41B in July inflows, beating combined gains from the last eleven months.
FTX Moves ETH From Bybit, Then Stakes It
On-chain data tracked by Lookonchain reveals a striking development: FTX and its trading firm Alameda Research staked 20,736 ETH—approximately worth $79 million—just hours ago. This move follows a significant withdrawal of 21,650 ETH from the crypto exchange Bybit, totaling $75.3 million at an average price of $3,478 per ETH. These transactions are indicative of renewed activity among leading players in the crypto market.
FTX/Alameda staked 20,736 $ETH ($79M) an hour ago.
Between Dec 17, 2024, and Jan 9, 2025, FTX/Alameda withdrew 21,650 $ETH ($75.3M) from #Bybit at an average price of $3,478.https://t.co/RBSW7DEx21 pic.twitter.com/5E0ku6WGni
— Lookonchain (@lookonchain) July 31, 2025
As of this writing, Ethereum (ETH) trades at $3,860. The price has seen an uptick of 1% within the last 24 hours and a substantial increase of 7% over the past week. These recent ETH transfers and staking activities point to a vibrant and increasingly active marketplace for this digital asset.
BlackRock and Other Firms Continue ETH Accumulation
BlackRock has made headlines once again, having added another $375 million in ETH to its holdings. This strategic move positions the firm as a major player, now controlling about 2.5% of Ethereum’s total circulating supply. At current prices, this equates to over $11.4 billion in ETH.
The company’s iShares Ethereum ETF, launched in 2024, has significantly contributed to this accumulation, acquiring over 3 million ETH. Notably, since July 12, it has added an impressive 1 million ETH to its holdings.
BLACKROCK BOUGHT $375M OF ETH THIS WEEK
THEY CURRENTLY HOLD 2.46% OF THE ETH SUPPLY WORTH $11.32B
THE LARGEST ASSET MANAGER IN THE WORLD IS BUYING $ETH pic.twitter.com/BksJOvUjdQ
— Arkham (@arkham) July 31, 2025
Additionally, a company known as The Ether Machine has made headlines by acquiring 15,000 ETH for $56.9 million this week, boosting its total to over 334,000 ETH. They confirmed that they still have capital for further purchases, now holding more ETH than the Ethereum Foundation itself.
SharpLink, a Nasdaq-listed company, also recently expanded its position, acquiring an additional 11,359 ETH, bringing its total holdings to 449,276 ETH, valued at approximately $1.73 billion. A significant portion of this newly-acquired ETH has already been staked, highlighting the trend toward long-term holdings.
Whale Wallets Enter the Market With Billions in ETH
In a compelling trend, eleven new wallets have emerged recently, collectively amassing 722,152 ETH, valued at around $2.77 billion since July 9. Notably, three of these wallets added a remarkable 73,821 ETH—worth about $283 million—in just the last 24 hours.
BREAKING:
WHALES KEEP BUYING MORE $ETH.
3 FRESH WALLETS JUST ACCUMULATED ANOTHER 73,821 $ETH ($283M).
SINCE JULY 9, A TOTAL OF 11 FRESH WALLETS HAVE ACCUMULATED 722,152 $ETH ($2.77B). pic.twitter.com/rnywoQdg07
— Crypto Rover (@rovercrc) July 31, 2025
A significant portion of these new whale acquisitions is already staked, effectively reducing the circulating supply of ETH and signaling strong long-hold strategies. These new entities are joining an existing trend in the broader Ethereum market, characterized by substantial long-term accumulation by major players.
ETF Inflows Surge in July
A remarkable surge in Ethereum ETF inflows has been noted, with $5.41 billion in net inflows recorded during July. This figure eclipses the combined inflows of $4.21 billion from the previous eleven months, highlighting a newfound interest in ETH ETFs. Since their launch in July 2024, these ETFs have accumulated an impressive total of $9.62 billion.
Earlier in 2025, the inflow trends were a bit uneven, with some quarters reporting low activity. However, November and December 2024 bore witness to increased interest with inflows of $1.05 billion and $2.08 billion, respectively. The recent uptick in ETF inflows signals a reinvigorated confidence in Ethereum and its future prospects.
