#机构疯抢以太坊 Institutions are frantically buying Ethereum, reshaping the crypto market.

Institutions have recently been frantically buying Ethereum, reshaping the crypto market landscape.

Over the past month, US listed companies have purchased over $1.5 billion worth of Ethereum. BitMine Immersion Technologies spent $2 billion in 16 days, acquiring 300,657 Ethereum tokens; SharpLink Gaming raised $400 million and holds approximately 280,706 Ethereum tokens.

Spot Ethereum ETFs have seen net inflows exceeding $8 billion since May, with $1.01 billion inflows on August 11th alone. BlackRock and Fidelity products received $640 million and $277 million, respectively. ETF holdings of ETH increased by over 40% in 30 days.

Institutional enthusiasm stems from Ethereum's status as the second-largest cryptocurrency, its vast potential in the smart contract ecosystem encompassing DeFi and NFTs, and favorable US policies.

The impact of this on Ethereum's price was felt, as it briefly surged to $4,350, a new high since December 2021. Funds are flowing from Bitcoin to Ethereum, with its futures trading at an annualized premium exceeding Bitcoin's, potentially leading the market.

However, Vitalik Buterin warned that corporate hoarding of Ethereum could lead to excessive leverage, and a large-scale sell-off during a market reversal could exacerbate volatility.