Arthur Hayes has increased his investment in Ethereum, likely influenced by activity on the blockchain, the growth of Ethereum staking, and the launch of BlackRock’s ETHB fund, all of which are drawing attention to the cryptocurrency.
Arthur Hayes, the co-founder of BitMEX, is investing in Ethereum again. Data shows he’s been buying ETH after selling some off in June.
Large Ethereum holders (often called ‘whales’) are also buying more ETH and participating in staking, happening around the price of $1,935.
BlackRock’s offering of staked Ethereum and its competitive staking rewards continue to attract interest from institutional investors.
Arthur Hayes ETH Buying Spree Returns
According to reports linked to Lookonchain, Arthur Hayes purchased 1,293 Ethereum on July 15th, following a transfer of 646 ETH he received from Galaxy Digital.
Arthur Hayes recently purchased an additional 1,332.5 Ethereum (worth approximately $2.53 million), continuing a pattern of buying that began in July. This comes after he sold 6,000 ETH at a loss in June. Currently, Ethereum is trading around $1,906. Positive signs for the market include large investors like Hayes accumulating Ether, combined with increasing interest from institutions and the potential approval of BlackRock’s Ethereum staking ETF.
— Robert 🍌 (@iR0bertt) July 21, 2026
That came weeks after wallets tied to him sold 6,000 ETH in June at a loss of more than $600,000.
By July 16th and 17th, reports showed purchases had increased to over 1,900 ETH, totaling around $3.7 million. This meant Hayes was buying again just a few days after previously selling.
His choice to switch things up is important because people often look at his financial transactions to get a sense of market feeling. This happened just as bigger investors were starting to buy more Ethereum.
Whale ETH Demand and Staking Flow Build
Lookonchain also noticed two significant wallet transactions. One previously inactive wallet, labeled 0x4cee, used 20 million USDC to purchase 10,501 ETH at a price of roughly $1,905 per ETH.
It looks like many whales are accumulating $ETH.
Whale 0x4cee woke up after 3 months of inactivity and spent 20M $USDC to buy 10,501 $ETH at $1,905.
Over the last 24 hours, a new digital wallet (0xf23c) pulled out 12,800 Ether (worth $24.47 million) from the Binance exchange and immediately staked the entire amount.
— Lookonchain (@lookonchain) July 21, 2026
A newly created wallet, 0xf23c, withdrew 12,800 ETH from Binance and staked all of it.
This level of participation aligns with Ethereum’s staking numbers – around 33% of all Ether is currently staked, according to data from ethereum.org.
A rising staking share reduces liquid supply and keeps more coins locked on the network.
BlackRock’s iShares Staked Ethereum Trust ETF, ETHB, also adds another channel for demand.
This new fund began trading on the Nasdaq exchange on March 12, 2026. According to BlackRock, it aims to provide investors with access to Ether and earn rewards by participating in cryptocurrency staking.
According to its official summary, the ETHB fund is designed to track the price of Ether and the returns from staking it, all within a standard brokerage account.
That keeps Ethereum in the middle of both crypto-native and Wall Street flows.
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ETH Price Holds Near the $1,900 Zone
Ethereum’s price has increased, mirroring recent activity in wallets holding the cryptocurrency. According to CoinMarketCap data, the price rose from $1905.20 on July 20th to $1934.89 on July 21st.
The data also indicates a weekly increase of 1,842.26 on July 17th, bringing ETH’s price close to the $1,900 – $1,940 level that traders are watching.
CoinGecko’s 24-hour chart showed the price briefly falling to around $1,850 before recovering into the $1,900s.
Even though Ethereum has been recovering, it’s still well below its peak value from August 2025.
The current price, as reported by CoinGecko, is $4,886.03. It’s showing signs of recovering but hasn’t yet experienced a significant increase.
2026-07-21 13:21