Overview

• Ethereum spot ETFs recorded $2.2 billion of inflows in the week to July 19, marking the largest weekly intake on record.
• Public firms including SharpLink Gaming and BitMine Immersion have amassed roughly 650,000 ETH in treasuries, signaling growing corporate conviction.
• Major exchanges have seen Ether reserves slide to all-time lows as institutional and whale holdings move off-chain.
• On-chain metrics such as daily transactions and smart-contract usage are at elevated levels, reflecting sustained network engagement.
• Bitcoin dominance has dipped as capital rotates into Ethereum, driving Ether to a five-month high near $3,800.