Ethereum Surges 25% in a Week as Treasuries Buy 570K ETH Amid ETF Demand

ETH blasts past $3,400, up 10% in 24 hours, 25% in a week. Only DOGE is above it. Corporate interest and derivatives/spot market...

Written by: Arslan Butt • Friday, July 18, 2025 • 1 min read

Last updated: Friday, July 18, 2025

Quick overview

Ethereum's price surged past $3,400, marking a 10% increase in 24 hours and 25% over the week, driven by corporate interest and market momentum.
Small-cap Nasdaq companies have collectively raised over $1 billion to purchase more than 570,000 ETH since May, reflecting strong institutional demand.
The approval of Ethereum ETFs has led to $3.27 billion in net inflows, indicating significant confidence from asset managers and hedge funds.
On-chain metrics show increased staking activity, with potential for ETH to reach $3,600 if momentum continues, although a drop below $2,500 could invalidate the trend.

ETH blasts past $3,400, up 10% in 24 hours, 25% in a week. Only DOGE is above it. Corporate interest and derivatives/spot market momentum is driving this.

Small-cap Nasdaq listed companies (SharpLink Gaming, BitMine, Bit Digital, BTCS, GameSquare) have raised over $1B since May to buy ETH. They have bought over 570,000 ETH according to the Strategic ETH Reserve website.

Thomas Lee, Fundstrat CIO and Chairman at BitMine told CNBC that Ethereum is attractive due to regulatory clarity, especially the GENIUS Stablecoin Bill which passed the Senate in June. If it passes the House, it will make Ethereum backed assets more attractive for corporate balance sheets.

Institutional Inflows and Derivatives Fuel Rally

Institutional demand is surging. Since the SEC approved Ethereum ETFs in May, $3.27B in net inflows have gone into US spot ETH ETFs according to SoSoValue. This is a big vote of confidence from asset managers and hedge funds.

Ethereum derivatives market is mirroring this trend. In July alone, open interest (total outstanding futures contracts) has grown by 1.84M ETH. Funding rates are moderate, not extreme leverage.

Key Institutional Metrics:

ETF Net Inflows (Since May): $3.27B
ETH Futures Open Interest Growth (July): +1.84M ETH
Corporate ETH Purchases (May-July): 570,000 ETH

Ethereum Price Chart - Source: Tradingview — Ethereum Price Chart – Source: Tradingview

Staking Growth and Technicals Point to $3,600

On-chain metrics are also strong. After the Pectra upgrade which improved staking, staking activity has picked up. Between June 1 and July 15, 1.51M ETH were staked, with about 1/3 of that coming from treasury related inflows.

Ethereum saw $197.68M in futures liquidations in the last 24 hours, $167.66M of that was short positions. That’s a big shift in sentiment.Technically, ETH has broken $3,220 and may go to $3,470. If momentum holds, $3,600 is possible. But if below $2,500, trend is invalid and we go to $2,110.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.