In July, the demand for Ethereum reached 3 million ETH, with over 50% of this demand coming from exchange-traded funds (ETFs). Notably, BlackRock accounted for 78% of the ETF-driven demand. Additionally, more than 50% of the demand originated from Ethereum treasury companies, with BitMNR contributing 41% and SharpLink Gaming 16%. This significant demand highlights the growing institutional interest in Ethereum as a key asset.