TLDR
- Ethereum climbs over $4,500, up 40% year-to-date, fueled by treasury firms and ETFs.
Corporate treasuries have bought over $9 billion in ETH in recent months.
Ethereum ETFs saw $5 billion in inflows, with $1 billion on one record day.
BitMine, the largest Ethereum treasury, holds 1.15 million ETH worth $5B
Ethereum has recently reached new highs, surpassing the $4,500 mark, marking its best performance of the year. This surge has been primarily driven by an influx of investments from corporate treasury firms and exchange-traded funds (ETFs). The digital currency has risen around 40% since the start of 2025, signaling strong market momentum.
As of Tuesday, ETH was trading up by approximately 4.85% on the day, with the price briefly touching $4,500. The token’s surge follows a pattern of growth not seen since December 2024. Before this, the last time ETH reached a price above $4,000 was in mid-December of the previous year, when it hit $4,107.
Strong Demand From Ethereum Treasury Firms
One of the key drivers behind Ethereum’s rising price is the growing involvement of so-called Ethereum treasury companies. These entities have significantly increased their ETH holdings, amassing an estimated $9 billion worth of the cryptocurrency in recent months. The buying spree from corporate treasuries, such as BitMine, has been a notable factor in pushing the price of ETH upwards.
- Source; X
BitMine, the largest holder of Ethereum treasury assets, recently filed to expand its equity program to $24.5 billion. This will help the firm continue purchasing more ETH, increasing its total holdings to 1.15 million ETH, valued at approximately $5 billion. This corporate interest suggests a long-term strategy to accumulate ETH and may indicate further support for Ethereum’s price in the coming months.
Geoffrey Kendrick of Standard Chartered recently stated that Ethereum treasury firms are just “getting started.” He believes these companies could one day hold as much as 10% of all ETH, further driving up demand. This ongoing accumulation of ETH is creating a significant supply squeeze in the market, which could have lasting effects on the token’s price.
Surge in Ethereum ETFs and Institutional Interest
Ethereum’s price growth is also being fueled by rising interest in Ethereum-focused exchange-traded funds (ETFs). These funds have added around $5 billion to their market cap over the past month alone. The cumulative inflows since these products began trading in July 2024 have reached $9.4 billion, underscoring the growing institutional interest in Ethereum.
On Monday, Ethereum ETFs saw a historic milestone, surpassing $1 billion in daily net inflows for the first time. This surge in demand from institutional investors has created what some analysts refer to as a “demand shock” for ETH. Bitwise Chief Investment Officer Matt Hougan noted that the combined impact of treasury firms and ETFs purchasing ETH has led to a situation where the demand for the token far outpaces the network’s minting of new ETH.
The robust ETF inflows are further evidence of Ethereum’s increasing appeal among large-scale investors. As more traditional financial products focused on Ethereum become available, the cryptocurrency’s mainstream adoption could continue to accelerate.
Ethereum’s Price Outlook and Market Trend
The recent price increase has positioned Ethereum in direct competition with Bitcoin in terms of year-to-date performance. While Bitcoin continues to maintain a stronger 12-month performance, Ethereum’s surge in 2025 has caught the attention of both retail and institutional investors.
The growing adoption of Ethereum-based applications, alongside the rise in corporate treasury investments and ETF inflows, has contributed to this upward price movement. The future of ETH looks increasingly promising as more treasury companies enter the market, and institutional interest through ETFs continues to rise.
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