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Institutional wallets bought nearly 296,000 ETH worth $1.19 billion in one day, highlighting renewed demand despite market volatility.
SEC approves Hashdex ETF with altcoins; Europe’s banks launch euro-backed stablecoin, while Hyperliquid debuts USDH.
SharpLink earns $500 million in ETH profits, M2 invests in Ethena, and Bitcoin ETFs record $241 million net inflows.
The cryptocurrency market continues to generate a steady stream of institutional, regulatory, and innovation-driven developments. From Ethereum whale activity and new exchange-traded funds (ETFs) in the US to major profit announcements and fresh stablecoin launches in both Europe and Asia, momentum in the sector is showing no signs of slowing.
Ethereum’s appeal among large-scale investors remains strong despite recent market volatility. According to on-chain tracking platform Lookonchain, 11 institutional wallets collectively acquired 295,861 ETH, worth approximately $1.19 billion in a single day.
The transactions originated from high-profile platforms such as Kraken, Galaxy Digital OTC, BitGo, and FalconX, signaling that the accumulation was led by professional investors rather than retail traders.
Analysts suggest the move could be a precursor to renewed institutional participation in Ethereum, particularly given the growing demand for staking and decentralized finance (DeFi) exposure.
Also Read: Ethereum Price Prediction: How Fast Will ETH Hit $5,000?
The US Securities and Exchange Commission (SEC) has approved the Hashdex Nasdaq Crypto Index ETF, expanding the scope of digital assets accessible through regulated financial products.
Unlike previous ETFs focused primarily on Bitcoin and Ethereum, the Hashdex fund also includes major altcoins such as Solana, XRP, and Stellar. This broader exposure marks a shift in the SEC’s stance, offering investors access to a diversified basket of cryptocurrencies under a regulated structure.
Nate Geraci, president of The ETF Store, emphasized that this move gives mainstream investors more avenues to allocate to digital assets without direct token ownership.
The development follows the approval of Grayscale’s Digital Large Cap Fund but stands out as the first ETF under the SEC’s newly introduced listing standards.
Sports and gaming technology company SharpLink has reported $500 million in unrealized profits since adopting an Ethereum reserve strategy in June 2025. The company disclosed ownership of 838,728 ETH, nearly all of which is staked to earn consistent returns.
SharpLink’s approach highlights the dual benefits of cryptocurrency reserves: asset appreciation combined with yield generation through staking.
Its Ethereum-heavy balance sheet underscores how corporates are now using crypto assets not just as treasury diversification tools but also as active revenue drivers.
In the Middle East, M2 Capital Limited announced a $20 million investment in Ethena ($ENA), the governance token behind the synthetic dollar protocol USDe and its staked version sUSDe.
Since its launch in 2024, Ethena has attracted more than $14 billion in total value locked (TVL), making it one of the fastest-growing DeFi platforms.
M2’s investment is part of a broader push to integrate cutting-edge digital assets into its wealth management offerings.
Executives emphasized that combining Ethena’s crypto-native design with regulated regional frameworks will give investors in the UAE unique access to innovative stablecoin-based instruments.
In Europe, nine major banks including ING, UniCredit, Danske Bank, SEB, CaixaBank, KBC, Banca Sella, Raiffeisen Bank International, and DekaBank have announced plans to launch a euro-backed stablecoin under the EU’s MiCAR regulatory framework.
The initiative aims to provide a robust European alternative to US-dollar stablecoins, which currently dominate the $250 billion stablecoin market. Euro-backed coins account for less than 1% of circulation, underscoring the vast growth potential.
The stablecoin, expected to launch in 2026, will be designed for fast, low-cost, 24/7 payments, with potential applications in securities settlement, cross-border trade, and programmable finance.
Adding to institutional activity, Bitcoin spot ETFs recorded $241 million in net inflows on September 24. BlackRock’s IBIT ETF led with inflows of $128.9 million, while Ark Invest and 21Shares’ ARKB ETF added $37.7 million.
Cumulative net inflows across Bitcoin spot ETFs have now reached $57.49 billion, with total assets under management standing at $149.74 billion.
ETFs now account for 6.62% of Bitcoin’s market capitalization, demonstrating the growing role of regulated products in driving institutional adoption.
Also Read: Bitcoin Price Dips to $111,593 Before Recovering, Resistance Looms at $115,000
Meanwhile, decentralized exchange Hyperliquid has rolled out its own dollar-pegged stablecoin, USDH, logging nearly $2 million in trading volume within its first day. Governance rights for the stablecoin were awarded to Native Markets, a startup backed by ex-Uniswap Labs executive Mary-Catherine Lader.
USDH is fully backed by cash and US Treasuries, with reserves managed through a combination of Stripe’s Bridge platform and on-chain transparency mechanisms.
The token is issued natively on Hyperliquid’s HyperEVM blockchain, enabling the exchange to capture more trading activity and liquidity within its ecosystem.
1. How much Ethereum did institutions buy recently?
Institutions accumulated about 295,861 ETH worth $1.19 billion in a single day, according to Lookonchain.
2. What is unique about the new Hashdex ETF?
It’s the first SEC-approved ETF giving exposure beyond Bitcoin and Ethereum, including Solana, XRP, and Stellar.
3. How much profit has SharpLink made from Ethereum?
SharpLink has earned $500 million in unrealized gains since June 2025 by holding and staking Ethereum.
4. What is the euro-backed stablecoin project?
Nine major European banks are launching a MiCAR-regulated euro stablecoin for fast, low-cost, 24/7 payments by 2026.
5. How much did Bitcoin spot ETFs add in inflows?
Bitcoin spot ETFs saw $241 million net inflows on September 24, led by BlackRock’s IBIT and Ark Invest’s ARKB.
