Ether, Ethereum’s native token, just wrapped up its most impressive July since 2022, marking a resounding 50% surge. This rally, peaking at $3,940 before settling below $3,800, is driven by fresh dynamics in the capital markets, rather than the desperate rebounds of the past. In the eyes of many, this could redefine Ethereum’s role in the crypto ecosystem as corporate treasuries and ETFs pour unprecedented sums into ETH.
A New Driver of Growth
This time around, the money flooding into Ether isn’t coming from retail investors hoping to catch the next moonshot. Instead, it’s the big players—U.S.-listed spot ETH exchange-traded funds (ETFs)—which have seen net inflows of $5.4 billion in July alone, according to SoSoValue data. This marks the most substantial inflow streak since these products first emerged on the scene last year. As explored in our recent coverage of Ethereum ETFs massively outpacing Bitcoin funds, the demand for ETH is surging, reflecting a shift in investor sentiment.
And it’s not just the ETFs making waves. Public companies are also jumping on the bandwagon, with corporate balance sheets reflecting a digital asset treasury craze. A staggering $6.2 billion worth of ETH has been snapped up by public firms, data from CEX.io indicates. Some of the usual suspects are involved—Tom Lee’s Bitmine and Joseph Lubin’s SharpLink—but it’s the newcomers like ETHZilla and Ether Machine that are raising eyebrows, having amassed significant institutional capital for asset purchases.
Ethereum’s Expanding Role
The Ethereum network itself is experiencing a narrative transformation, seemingly positioning ETH as a proxy for the burgeoning stablecoin and tokenization market. With the Genius Act clarifying U.S. rules for stablecoins, Ethereum’s ability to host more than half of the $250 billion stablecoin supply could solidify its position as the backbone for dollar-pegged tokens. This regulatory clarity might just be the catalyst Ethereum needed to become indispensable in the realm of digital finance.
Bob Loukas, a well-followed crypto investor, added a sprinkle of optimism, suggesting in an X post that Ether might have “juice in the tank” to push as high as $4,700 during its current run. Yet, the crypto market is entering its notorious lull period, often characterized by low volatility and consolidation. The $4,000 mark, where ETH has repeatedly faltered, remains a formidable barrier.
Historical Context and Future Prospects
Reflecting back, the last time Ether experienced such a meteoric rise was July 2022, when it rebounded from the crypto crash’s abyss—a period marked by the high-profile collapses of Terra-Luna, Three Arrows Capital, and Celsius. This time, however, the rally is less about recovery and more about strategic positioning in a maturing market.
As we look ahead, questions loom regarding whether this trend can sustain itself. The crypto sphere is volatile and often unpredictable, with regulatory shifts and market sentiment playing significant roles. Yet, Ethereum’s recent performance, fueled by strategic corporate and institutional interest, might just be the beginning of a new chapter. For a broader perspective on the record-high inflows into crypto funds, see our coverage of Bitcoin and Ethereum ETFs pulling in $11.2 billion in July.
What does this mean for Ether’s future? While the current rally is promising, the market’s inherent unpredictability means nothing is set in stone. But one thing is clear: Ether’s role as a cornerstone of the crypto market is becoming more entrenched with each passing day. As the digital asset landscape continues to evolve, Ethereum appears poised to play a pivotal role in its unfolding saga.
Source
This article is based on: Ether Eyes Biggest Monthly Gain Since 2022 as ETFs, Corporate Treasuries Drive Rally
Further Reading
Deepen your understanding with these related articles:
- Ethereum Pumps To Five-Month High As Treasury Companies Stockpile ETH
- Peter Thiel Bets Big on Ethereum, Buys Stake in Treasury Firm Chaired by Fundstrat’s Tom Lee
- BitMine Estimates Ethereum’s Implied Value at $60,000 Amid Latest Market Rally
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
