diff --git a/libs/web3/src/lib/use-ethereum-transaction-manager.spec.tsx b/libs/web3/src/lib/use-ethereum-transaction-manager.spec.tsx
index 57f6421b1..761444a94 100644
--- a/libs/web3/src/lib/use-ethereum-transaction-manager.spec.tsx
+++ b/libs/web3/src/lib/use-ethereum-transaction-manager.spec.tsx
@@ -15,6 +15,7 @@ const requestedTransactionUpdate = {
   status: EthTxStatus.Requested,
   error: null,
   confirmations: 0,
+  notify: true,
 };
 
 const mockDepositAsset = jest.fn();
@@ -57,6 +58,7 @@ const createTransaction = (
   dialogOpen: false,
   txHash: null,
   receipt: null,
+  notify: true,
   ...transaction,
 });
 
@@ -158,6 +160,7 @@ describe('useVegaTransactionManager', () => {
     expect(update.mock.calls[1][1]).toEqual({
       status: EthTxStatus.Pending,
       txHash,
+      notify: true,
     });
   });
 
@@ -197,6 +200,7 @@ describe('useVegaTransactionManager', () => {
     expect(update.mock.calls[3][1]).toEqual({
       status: EthTxStatus.Confirmed,
       receipt,
+      notify: true,
     });
   });
 
diff --git a/libs/web3/src/lib/use-ethereum-transaction-manager.tsx b/libs/web3/src/lib/use-ethereum-transaction-manager.tsx
index af1ce499e..8bcc136ae 100644
--- a/libs/web3/src/lib/use-ethereum-transaction-manager.tsx
+++ b/libs/web3/src/lib/use-ethereum-transaction-manager.tsx
@@ -25,6 +25,7 @@ export const useEthTransactionManager = () => {
       status: EthTxStatus.Requested,
       error: null,
       confirmations: 0,
+      notify: true,
     });
     const {
       contract,
@@ -48,6 +49,7 @@ export const useEthTransactionManager = () => {
         update(transaction.id, {
           status: EthTxStatus.Error,
           error: err as EthereumError,
+          notify: true,
         });
         return;
       }
@@ -61,6 +63,7 @@ export const useEthTransactionManager = () => {
         update(transaction.id, {
           status: EthTxStatus.Pending,
           txHash: tx.hash,
+          notify: true,
         });
 
         for (let i = 1; i <= requiredConfirmations; i++) {
@@ -77,19 +80,31 @@ export const useEthTransactionManager = () => {
         }
 
         if (requiresConfirmation) {
-          update(transaction.id, { status: EthTxStatus.Complete, receipt });
+          update(transaction.id, {
+            status: EthTxStatus.Complete,
+            receipt,
+          });
         } else {
-          update(transaction.id, { status: EthTxStatus.Confirmed, receipt });
+          update(transaction.id, {
+            status: EthTxStatus.Confirmed,
+            receipt,
+            notify: true,
+          });
         }
       } catch (err) {
         if (err instanceof Error || isEthereumError(err)) {
           if (!isExpectedEthereumError(err)) {
-            update(transaction.id, { status: EthTxStatus.Error, error: err });
+            update(transaction.id, {
+              status: EthTxStatus.Error,
+              error: err,
+              notify: true,
+            });
           }
         } else {
           update(transaction.id, {
             status: EthTxStatus.Error,
             error: new Error('Something went wrong'),
+            notify: true,
           });
         }
         return;
diff --git a/libs/web3/src/lib/use-ethereum-transaction-store.tsx b/libs/web3/src/lib/use-ethereum-transaction-store.tsx
index 2647d4619..386a86044 100644
--- a/libs/web3/src/lib/use-ethereum-transaction-store.tsx
+++ b/libs/web3/src/lib/use-ethereum-transaction-store.tsx
@@ -27,7 +27,13 @@ export interface EthStoredTxState extends EthTxState {
   methodName: ContractMethod;
   args: string[];
   requiredConfirmations: number;
-  requiresConfirmation: boolean; // whether or not the tx needs external confirmation (IE from a subscription even)
+  // whether or not the tx needs external confirmation (IE from a subscription even)
+  requiresConfirmation: boolean;
+  // whether or not to notify via toast
+  // true = force open toast
+  // false = force close toast
+  // undefined = leave alone
+  notify: boolean | undefined;
   assetId?: string;
   deposit?: DepositBusEventFieldsFragment;
   withdrawal?: WithdrawalBusEventFieldsFragment;
@@ -49,7 +55,7 @@ export interface EthTransactionStore {
     update?: Partial<
       Pick<
         EthStoredTxState,
-        'status' | 'error' | 'receipt' | 'confirmations' | 'txHash'
+        'status' | 'error' | 'receipt' | 'confirmations' | 'txHash' | 'notify'
       >
     >
   ) => void;
@@ -89,6 +95,7 @@ export const useEthTransactionStore = create<EthTransactionStore>()(
         requiresConfirmation,
         assetId,
         withdrawal,
+        notify: true,
       };
       set({ transactions: transactions.concat(transaction) });
       return transaction.id;
@@ -135,6 +142,7 @@ export const useEthTransactionStore = create<EthTransactionStore>()(
           transaction.deposit = deposit;
           transaction.dialogOpen = true;
           transaction.updatedAt = new Date();
+          transaction.notify = true;
         })
       );
     },
diff --git a/libs/web3/src/lib/use-ethereum-transaction-toasts.tsx b/libs/web3/src/lib/use-ethereum-transaction-toasts.tsx
index f0e49b482..84e4d0e1f 100644
--- a/libs/web3/src/lib/use-ethereum-transaction-toasts.tsx
+++ b/libs/web3/src/lib/use-ethereum-transaction-toasts.tsx
@@ -1,4 +1,5 @@
 import type { ReactNode } from 'react';
+import { useEffect } from 'react';
 import { useAssetsDataProvider } from '@vegaprotocol/assets';
 import { EtherscanLink } from '@vegaprotocol/environment';
 import { formatNumber, toBigNum } from '@vegaprotocol/utils';
@@ -169,11 +170,13 @@ export const useEthereumTransactionToasts = () => {
   ]);
 
   const dismissTx = useEthTransactionStore((state) => state.dismiss);
+  const updateTx = useEthTransactionStore((state) => state.update);
 
   const onClose = useCallback(
     (tx: EthStoredTxState) => () => {
       dismissTx(tx.id);
       removeToast(`eth-${tx.id}`);
+      updateTx(tx.id, { notify: false });
       // closes related "Funds released" toast after successful withdrawal
       if (
         isWithdrawTransaction(tx) &&
@@ -183,7 +186,7 @@ export const useEthereumTransactionToasts = () => {
         closeToastBy({ withdrawalId: tx.withdrawal.id });
       }
     },
-    [closeToastBy, dismissTx, removeToast]
+    [closeToastBy, dismissTx, removeToast, updateTx]
   );
 
   const fromEthTransaction = useCallback(
@@ -213,17 +216,25 @@ export const useEthereumTransactionToasts = () => {
         loader: [EthTxStatus.Pending, EthTxStatus.Complete].includes(tx.status),
         content,
         closeAfter,
+        hidden: !tx.notify,
       };
     },
     [onClose]
   );
 
-  useEthTransactionStore.subscribe(
-    (state) => compact(state.transactions.filter((tx) => tx?.dialogOpen)),
-    (txs) => {
-      txs.forEach((tx) => {
-        setToast(fromEthTransaction(tx));
-      });
-    }
-  );
+  // Only register a subscription once
+  useEffect(() => {
+    const unsubscribe = useEthTransactionStore.subscribe(
+      (state) => compact(state.transactions.filter((tx) => tx?.dialogOpen)),
+      (txs) => {
+        txs.forEach((tx) => {
+          setToast(fromEthTransaction(tx));
+        });
+      }
+    );
+
+    return () => {
+      unsubscribe();
+    };
+  }, [fromEthTransaction, setToast]);
 };