Ethereum has soared to $4,389 following $727M institutional purchases and ETF inflows. Joseph Lubin predicts Wall Street integration may drive 100x growth.Navigate This ArticleToggleEthereum Rallies 2%, Extends Monthly Gains to 21%Institutional Investors Lead $727 Million Ethereum Buying SpreeBitMine Builds Mega ETH StashLarge ETH ETFs Experience Large OutflowsContinued Adoption by Wall Street is the fuel for Ethereum to grow 100x, says LubinEthereum (ETH) jumped to $4,389 after BlackRock’s ETHA gained $148.8 million. BitMine also purchased $727 million worth of the leading altcoin. This added to the upward momentum in this market.Ethereum Rallies 2%, Extends Monthly Gains to 21%ETH price climbed 2.14% in the past 24 hours, trading at $4,389.9. The move followed a rally from its previous close of $4,297.8, according to TradingView data. The daily gains extended Ethereum’s recovery after a volatile week where it had dipped nearly 2.8%.The rally builds on the coin’s longer-term performance. Over the past month, ETH has surged 21.47%, and in the past six months, it is up 99.12%.Trading behavior showed a breakout pattern during the latest rally. Ether has been on a bullish move as it overcame the resistance at $4,320 and crossed the $4,380 mark in earlier sessions. The accumulations by BitMine and BlackRock are reflected in that sharp movement.Institutional Investors Lead $727 Million Ethereum Buying SpreeAnother increase in Ethereum price followed a rise in institutional inflows. iShares Ethereum Trust (ETHA) recorded an inflow of $148.80 million. Onchain activity demonstrates the scale of institutional moves.BitMine Immersion Technologies, chaired by Tom Lee, bought 167,548 ETH. Those $727 million transactions were tracked across exchanges including BitGo, Galaxy Digital, and FalconX. Various large transfers between $14 million and $79 million, consistent with the previous accumulation patterns, were also identified.BitMine Builds Mega ETH StashBitMine continues to progressively accumulate and increase its ETH treasury, which remains the biggest within the market. The company has reported billions in total ETH holdings. This new acquisition reinforces its position.The purchases by BitMine were conducted in multiple tranches. This indicates an organized strategy, and not a single move. These are shown in transfers of more than 10,000 ETH, which were regularly directed through custodians and prime brokers.Large ETH ETFs Experience Large OutflowsThe larger ETH ETF market displays an uneven flow picture. While ETHA recorded strong inflows, other Ethereum-linked products struggled. Fidelity’s FETH logged the steepest outflow at $216.68 million, equating to more than 50,000 ETH. Grayscale’s ETHE also lost $26.44 million, while its separate Grayscale Ethereum Trust shed another $6.44 million.Bitwise’s ETHW recorded $45.66 million in redemptions, and VanEck’s ETHV dropped $17.22 million. Invesco’s QETH also saw $2.13 million in exits.The timing is also associated with changing macro conditions. The Federal Reserve is shifting policies, and this has caused institutional investors to rebalance their portfolios following the volatility in the U.S. equity markets. ETF flows prove that Ethereum and other digital assets have become hedging instruments and a tool for investors to diversify their portfolios.Continued Adoption by Wall Street is the fuel for Ethereum to grow 100x, says LubinEthereum co-founder Joseph Lubin has emphasized the upward momentum in ETH. Lubin predicted that Wall Street will eventually stake on Ethereum. Hence, they will no longer use the current siloed infrastructure. Rather, they employ Ethereum’s decentralized rails, which are far less costly than their present alternative.He further said that banks that already have their own blockchains (such as JPMorgan) will have an easier transition time due to many years of experimenting with Ethereum.Lubin stressed that financial institutions will evolve into companies that run validators, operate L2s and L3s, participate in DeFi, and use smart contracts for agreements and instruments. He also dismissed fears that Layer-2 scaling solutions would cannibalize the ETH network’s base layer, saying the opposite will soon be proven as adoption accelerates.In his outlook, Lubin suggested ETH has the potential to grow 100 times from current levels, eventually overtaking Bitcoin’s monetary base. The forecast highlights an increasing perception that Ethereum is a network as well as a macro-asset, with Wall Street and long-term crypto enthusiasts showing interest.The post Ethereum Rallies to $4,389 After Massive Treasury Buys and ETF Inflows first appeared on Tokenhell.