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![thechainanalyst Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1322959279251353600.png) The Chain Analyst [@thechainanalyst](/creator/twitter/thechainanalyst) on x XXX followers
Created: 2025-07-19 15:56:39 UTC

🔐 Institutional ETH accumulation is real:
• BlackRock alone: nearly $500M in ETH
• ETF entities now hold a massive chunk of circulating ETH
• $ETH supply on exchanges is at a multi-year low

The flippening might not be price-based… it might be ownership-based.


XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946600077759565890/c:line.svg)

**Related Topics**
[exchanges](/topic/exchanges)
[$eth](/topic/$eth)
[fund manager](/topic/fund-manager)
[$500m](/topic/$500m)
[accumulation](/topic/accumulation)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)
[blackrock](/topic/blackrock)

[Post Link](https://x.com/thechainanalyst/status/1946600077759565890)