Every month, we dive deep into how institutions are interacting with Ethereum, what’s happening onchain, which firms are adopting the technology, and more.
New here? Subscribe to get updates straight to your inbox.
Ethereum x Institutional Stats
Ethereum price: $1,933.63 (+12.1%)
Ethereum market cap: $233.01B (+12.02%)
Ethereum staked: $79.3B (-4.0%)
Stablecoin TVL (across Ethereum & L2s): $172.12B (-7.78%)
Ethereum RWAs total value: $16.8B (-19.2%)
The metrics are accurate at the time of publication. The percentage change is over a 30-day period.
Institutional Adoption
Morgan Stanley has updated its filings for its Ethereum Trust ETF (MSSE) and Solana Trust ETF (MSOL) to mention its staking partners: Figment, Galaxy Digital, and Coinbase. The bank also set its management fees for the ETFs at 0.14%, undercutting both Grayscale (0.15%) and Franklin Templeton (0.19%).
The Ethereum Foundation has set up a nonprofit organization dubbed Ethereum Institutional that aims to help institutional investors build on the blockchain. The nonprofit is backed by BitMine, SharpLink, and Consensys, and will serve as a host for education, data, marketing, best practices, and organize events..
Anchorage Digital has integrated Lido's liquid staking service into its institutional platform, giving its clients access to wstETH, a wrapped version of stETH..
Robinhood late last month launched tokenized stocks in the European Union, giving its European users access to US stocks and ETFs. The tokens have been launched on Arbitrum for now, and the company said it will eventually move them to its own Arbitrum-based Layer 2 blockchain. Robinhood also rolled out access to crypto perpetual futures in the EU, and gave US customers the ability to stake crypto from its app, starting with Ethereum and Solana.
Is Ethereum’s institutional supercycle here?
Joseph Chalom, SharpLink's CEO, joined StrataMedia’s Talking Tokens podcast to discuss the shift in Ethereum’s developer roadmap, and the wave of new developer organizations that have launched in Ethereum’s ecosystem.
Chalom said while Ethereum’s strong fundamentals have won it vast stablecoin supply, tokenized real-world assets, and DeFi activity, its narrative has stalled over the past couple of years. The stagnation, he argues, has been worsened by the Ethereum Foundation's pivot toward shrinking its footprint to focus on core protocol work.
In an effort to reverse that narrative and continue growing the ecosystem, SharpLink, Consensys, BitMine and others, are backing three new organizations:
ETH Systems, which will build privacy tools.
ETH Labs, which will build scaling and throughput infrastructure.
Ethereum Institutional, which will help institutions learn, build and deploy their products on the blockchain.
“We stepped up to support it, not to control it,” Chalom said.
Chalom said we are currently in an “institutional supercycle” for Ethereum, pointing to BlackRock’s BUIDL fund, which has tokenized roughly $8 billion worth of funds today. He mentioned other funds which have had success, including JPMorgan with roughly $700 million in tokenized value.
On the retail side, he pointed to Robinhood Chain's Arbitrum-based DEX volume hitting roughly a third of Solana's within its first week as evidence that usage is showing up. And on tokenized equities, he flagged Bullish's acquisition of transfer agent Equinity as a sign that whole groups of public companies could be tokenized at once.
To listen to the whole conversation, check out the full episode on Youtube, Spotify, or AppleMusic.
A Chart Worth Checking Out
Ethereum saw stablecoin activity dip in July despite stablecoin holders increasing 3.7% to 25.3 million as of July 20, from 24.4 million in June 20. At the same time, average daily stablecoin transfer volume declined 32.2% to $56.74 billion from $83.63 billion in June.
Source: https://app.rwa.xyz/stablecoins
Other Major Ethereum Developments
Standard Chartered has launched a spot trading platform for digital assets, with support for BTC and ETH currently.
SharpLink made its first ETH purchase since October 2025, buying 10,000 ETH (about $16 million worth) on June 30. The move brings its total holdings to 886,725 ETH, worth roughly $1.71 billion today.
UBS and Nethermind have completed two proofs of concept testing whether Ethereum can meet the compliance and operational requirements of financial institutions. The pilots tested whether compliance could be enforced without modifying Ethereum's underlying protocol.
Ethereum now dominates BlackRock's tokenized funds, accounting for $1 billion of the firm’s onchain holdings of $2.93 billion onchain. Ethereum remains the dominant chain for tokenized assets, which have more than doubled to $34.73 billion industry-wide over the past year.
SEC Chairman Paul Atkins released the agency's 2026 Regulatory Agenda, prioritizing clearer rules for crypto capital raising and custody/trading of tokenized securities onchain, in pursuit of making the U.S. "the crypto capital of the world." The agenda also focuses on improving investor protections and continued enforcement.
BitMine Immersion Technologies now holds 5.77 million ETH (4.8% of total ETH supply), bringing the company closer to its goal of acquiring 5% of total supply within 12 months.
The Token Relations IR Scorecard
As institutions come into crypto, many teams with tokens want an investor relations strategy but struggle on where to start or if they’re doing enough.
We designed a free tool that shows teams exactly how their IR measures up, show where companies currently stand, and what gaps needs to be addressed.
This is the Institutional Ethereum Update: July Edition.
Hit reply and let us know how we did! What was your favorite part of the newsletter? Our founder reads every response.
This product was built by StrataMedia.
This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.
To get this newsletter delivered to your inbox, subscribe here.
