Ethereum Institutional Holdings Rises Over 10%

Institutional demand for Ethereum has reached new highs during this market cycle.

According to ETH Reserve Policy Data, Ethereum Spot Exchange Trade Funds (ETFs) and Digital Asset Treasury Companies (DATCOS) now control over 12.5 million ETH, or approximately 10% of the token’s circulating supply.

This marks a dramatic expansion from April, when these institutions collectively held around 4 million ETH, representing less than 3% of the total supply.

The increase reflects how institutional capital has increasingly turned to exposure to Ethereum through regulated ETFs and on-chain Treasury allocation amid the growth of network fundamentals in tokenized assets and tiers.

According to Token Terminal data, decentralized applications on Ethereum host over $365 billion in user assets, while the network’s native token trades at a 1.45x multiple of its ecosystem TVL.

ETHEREUM ETFS Holding

Data from the Strategic ETH Reserve shows that Spot Ethereum ETFs currently hold 6.92 million ETH, valued at approximately $30.76 billion based on an ETH price of $4,448 at press time. Assets are distributed across nine products from eight issuers.

BlackRock leads by a wide margin, managing over 4 million ETH worth $17.6 billion, more than half of all ethereum ETFs. Grayscale follows with approximately 1.8 million ETH divided between its Ethe and ETH trusts.

Fidelity ranks third with around 778,200 ETH, while Bitwise holds around 151,600 ETH. Other issuers, including Vaneck, Franklin Templeton, Invesco Galaxy, and 21Shares, each hold less than 100,000 ETH.

The strong accumulation trend aligns with growing investor interest in Ethereum-regulated exposure.

According to Sosovalue data, cumulative net inflows into Ethereum ETFs have exceeded $15 billion since launch, signaling that institutional appetite remains robust despite market volatility.

SETH TREASURY CONNIFICATIONS

Meanwhile, Ethereum-focused digital asset treasury companies (Datcos) collectively hold 5.66 million ETH, equivalent to 4.68% of the circulating supply and valued at $25.19 billion.

This figure highlights Ethereum’s growing prominence as a corporate treasury asset, second only to Bitcoin in institutional accumulation.

July and August marked the peak of these Treasury expansion moves, as several companies joined the acquisition wave. Although Momentum has since cooled, major holders continue to expand their stakes.

Bitmin Immersion Tech tops the list with 2.83 million ETH, worth approximately $12.59 billion, representing 2.34% of the digital asset supply. The company aims to ultimately control 5% of total ETH, which it sees as strategic preparation for broader network adoption.

However, the ETH treasury play has drawn criticism from industry experts who argue that South Korean retail money is now backing some of these companies.

Bitcoin lawyer Samson Mow claimed that these retail traders have around $6 billion chasing the next “strategy game.”

Nonetheless, asset management firm Vaneck argued that the strong wave of institutional adoption shows that ETH is a stronger competitor to bitcoin in the race for dominance as a store of value.

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