Ethereum's Weekly Gain Tops 20% as Corporate Treasury Adoption Accelerates

Ethereum reached $3,455 on Thursday, marking its highest level since January 17 when it traded at $3,473.83. The 11% overnight surge represents the largest percentage increase for the second-largest cryptocurrency since May 8, when it gained 21.63%.

The rally comes amid sustained institutional demand, with Ethereum spot ETFs recording over $1.3 billion in inflows over the past two weeks alone, per Sosovalue data. Bitcoin and Ethereum spot ETFs experienced a significant influx of capital last week, with a combined $3.63 billion in inflows recorded between July 7 and 11, 2025. Tuesday's session saw $192 million flow into Ethereum ETFs, representing 60% of Bitcoin's weekly inflows and highlighting the growing institutional appetite for the asset.

The momentum has pushed Ethereum's performance against Bitcoin to new heights, with the ETH/BTC ratio breaking its 200-day moving average for the first time since February 2023. Weekly inflows as a percentage of total assets are averaging 1.8%, double that of Bitcoin.

"Ethereum’s current breakout reflects more than just bullish momentum—it signals a shift in how institutions value digital assets. While Bitcoin remains the reserve asset, Ethereum is emerging as the yield-generating infrastructure play. With staking yields hovering around 4–6% and token supply now deflationary post-EIP-1559, ETH offers both passive income and long-term appreciation," Jamie Elkaleh, chief marketing officer at Bitget Wallet, told Blockhead.

Corporate Adoption Accelerates

A key driver behind Ethereum's recent strength has been the emergence of public companies adopting ETH as a treasury asset. SharpLink Gaming (Nasdaq: SBET) has become the world's largest corporate holder of Ethereum , reaching 280,706 ETH as of July 13, 2025. The company's aggressive accumulation strategy has seen it overtake the Ethereum Foundation as the largest ETH holder, with 99% of its holdings staked for rewards.

SharpLink's treasury pivot has driven significant stock performance, with shares surging 70% while its ETH position has gained 24.47% this week. The company raised $413 million to fund its Ethereum treasury strategy, with Ethereum co-founder Joseph Lubin joining as board chairman.

The corporate treasury trend extends beyond SharpLink. Bit Digital CEO Sam Tabar said the company is "aligning itself with Ethereum's long-term potential and positioning itself as a focused Ethereum treasury platform in the public markets," with plans to become "the most preeminent ETH holding company in the world". The company executed a dramatic strategic shift, selling 280 Bitcoin and raising $172 million in fresh capital to accumulate 100,603 ETH , representing a more than 300% increase from its 24,434 ETH balance at the end of the first quarter. The company's treasury transformation positions it as one of the largest corporate ETH holders globally.

The combination of sustained ETF inflows and growing corporate adoption signals a maturing institutional landscape for Ethereum. As Ethereum continues to outpace major cryptocurrencies, the convergence of ETF demand and corporate treasury adoption appears to be creating a new foundation for sustained institutional interest in the world's second-largest cryptocurrency.