🎉SBET Surged 200% in July: Top ETH Holdings Whales & ETFs

Tiger_Contra
07-16

While Wall Street debates whether $Bitcoin(BTC.USD.CC)$ has peaked, smart money has quietly turned $Ethereum(ETH.USD.CC)$ into an ironclad fortress.
Spot $Ethereum(ETH.USD.CC)$ ETFs have seen 16 straight days of inflows, a Fed rate-cut countdown has begun, and on-chain staking has frozen nearly 30 % of supply—this is not a bounce, it is the starting gun for a new crypto cycle.

ETH plays are exploding: $GAMESQUARE HLDGS INC(GAME)$ , $BTCS Inc.(BTCS)$ , $BitMine Immersion Technologies Inc.(BMNR)$ , $SharpLink Gaming(SBET)$ and $Bit Digital, Inc.(BTBT)$ .

Over the past 24 h, Ethereum (Grayscale Mini ETH ETF: ETH) has led the crypto market, flirting with $3,200 and doubling since April 9, while U.S. and European funds trim Bitcoin (BTC.USD.CC) positions.

Day chart as ofJuly 15th 2025Day chart as ofJuly 15th 2025

What’s inside today’s article: Six macro catalysts decoded, 13 ETH-whale scoreboard, 5 high-beta U.S. tickers & ETFs

ETH’s parabolic surge is powered by six synchronized engines:
TECH DEFLATION | INSTITUTIONAL FLOW | MACRO EASING | REGULATORY CLARITY | SHORT SQUEEZE | ECOSYSTEM REBIRTH

Tech Deflation
• EIP-1559 has burned millions of ETH; surging DeFi, NFT and stable-coin activity is pushing daily burn higher.
• May’s Pectra upgrade lifted the validator cap from 32 to 2,048 ETH; 28.7 % of supply is now staked, creating an on-chain hard-cap.

Spot ETF & Institutional Flow
• U.S. spot ETH ETFs have recorded 16 consecutive inflow days; June 9 alone saw $52.7 M, and seven-week inflows total $1.5 B.
• BlackRock and Fidelity keep adding, while firms like Strategy copy their Bitcoin playbook into ETH, lifting long-term demand.

Macro Easing Bets
• Fed doves have moved market pricing to a 25–50 bp cut in September. A weaker dollar and lower Treasury yields give risk assets a liquidity tail-wind.

Regulatory Clarity & Short Squeeze
• A joint SEC-CFTC statement on June 9 exempted staking and wallet software from securities rules, forcing shorts to cover. Perp funding rates jumped from 0.0026 % to 0.007 % and open interest hit a record $39.2 B.

Ecosystem Revival
• DeFi TVL is back at $66 B, with Ethereum’s share at 61 %. Tokenized real-world assets exceed $22 B, of which 59.6 % sit on Ethereum.
• Layer-2 momentum: Base now accounts for 72.8 % of weekly active addresses, and Robinhood’s WonderFi acquisition will list on-chain equities, burning ETH for gas.

Technical Breakout
• A classic cup-and-handle plus golden-cross formation confirmed a breakout above $2,789. CTAs and algos are now targeting $4,000–$4,100.

In one sentence: the current move is a confluence of on-chain deflation, ETF inflows, macro easing and regulatory clarity—not speculative froth.

U.S. companies are racing to hoard ETH

SharpLink Gaming (SBET) bought $600 M of ETH in under a month and has doubled in one months.

Below are the 13 top ETH holding whales by July 15th 2025.

Among the above whales, there are 6 ETH-heavy holding stocks: $SharpLink Gaming(SBET)$ , $BitMine Immersion Technologies Inc.(BMNR)$ , $Coinbase Global, Inc.(COIN)$ , $Bit Digital, Inc.(BTBT)$ , $BTCS Inc.(BTCS)$ , $EnerSys(ENS)$

Ticker

Role

ETH Holdings

Premium

Leverage

Catalyst

SBET

Sports-betting → ETH treasury

280,706

2.35×

Staking yield + price upside

Staking yield disclosure, board overhaul

BMNR

Mining → corporate whale

163,100

4.03×

Mining + staking

$250 M private round, Peter Thiel backing

COIN

Exchange + infra

137,300*

229× beta

Fees + staking + L2

Spot ETF tail-wind, Base ecosystem

BTBT

BTC miner → ETH staking

100,603

2.95×

Staking + GPU cloud

$172 M raise, data-center IPO

BTCS

PoS infra provider

31,900

1.00×

Node ops + data

$100 M raise, Aave leveraged staking

ENS

Domain protocol + treasury

180,000**

15× P/F

Domain fees + governance

Account abstraction, L2 domain expansion

Here are the U.S. tickers quick playbook
• High-octane: SBET / BMNR / BTBT (beta + staking)
• Regulated beta: COIN (exchange cash flow + high beta)
• Value pocket: BTCS (1.0× premium, levered book)
• Protocol alpha: ENS (protocol revenue + treasury ETH call option)

U.S. Spot Ethereum ETFs (Direct ETH Holdings)

ETF Name

Latest Price

Exchange

Expense Ratio

Return in July

$iShares Ethereum Trust ETF(ETHA)$

$23.05

NASDAQ

0.25%

20.87%

$Fidelity Ethereum Fund(FETH)$

$30.44

Cboe BZX

0.25%

20.94%

$Grayscale Ethereum Trust ETF(ETHE)$

$25.19

NYSE

2.50 % (planned cut to 1.50 %)

20.76%

$Vaneck Ethereum ETF(ETHV)$

44.61

NASDAQ

0.20%

20.83%

$Franklin Ethereum Etf(EZET)$

23.13

Cboe BZX

0.19%

20.91%

$Invesco Galaxy Ethereum ETF(QETH)$

30.38

Cboe BZX

0.25%

20.80%

Are you into this area? Any of the above will be your target holdings?

Please read more to make your decision.

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