After two weeks of a disappointing run, Ethereum (ETH) is once again capturing institutional interest as major funds and asset managers step into the smart-contract platform.

According to recent data, Bitmine Immersion Technologies purchased approximately $251 million worth of ETH, adding 63,539 tokens to its portfolio and bringing its holdings to over 3 million ETH ($13 billion).

Institutional Capital Flows Bolster Ethereum’s Bullish Case

BlackRock’s clients have added $41.91 million in Ethereum , marking another sign of growing institutional adoption.

These inflows come as Ethereum breaks out of a descending trendline pattern and parallels the rally seen in gold, with ETH’s correlation to gold reaching 0.7 in Q3 2025, driven by ETF inflows and DeFi-driven growth.

On-chain metrics

See Full Page