Ethereum and Bitcoin continue to dominate the broader crypto market, marked by rising prices, notable exchange-traded fund (ETF) flows, and growing cash reserves. While the two major cryptocurrencies dominate in these areas, ETH appears to be ahead of BTC in terms of treasury supply.
Ethereum flips Bitcoin in Treasury offering
For a long time, Bitcointhe largest cryptocurrency, is at the forefront of digital asset-based treasury strategies. However, with the growing adoption and interest in Ethereum via this key initiative, the dominance of the leading altcoin appears to challenge BTC in this aspect.
In a surprising change within institutional crypto holdings, Ethereum has officially surpassed Bitcoin in digital asset treasuries (DAT) in terms of total supply. This change in dominance from BTC to ETH is reported by CryptoRank, a leading on-chain research and analysis platform for the crypto industry.
This milestone, which signals a trend shift in corporate and fund trust, demonstrates Ethereum’s growing dominance as the blockchain of choice for enterprise applications, smart contracts, and decentralized finance (DeFi). Retail and institutional investors are largely attracted to ETH due to the robust performance and scalability of the network.
As more businesses turn to ETH for its convenience and long-term revenue potential, the power dynamic between the two major cryptocurrencies could change. Such a development is very likely to reshape the way digital assets are used, perceived, valued and held by financial companies.
With approximately 4.1% of its total supply held by institutions or treasury companiesEthereum took the top spot among digital asset treasuries in terms of total supply. Bitcoin Treasuries now hold 3.6% of the overall BTC supply, while Solana accounts for 2.7%.
Other ETH investors will follow the GENIUS law
According to the on-chain platform, the increase in ETH ownership occurred at the same time as the signing of the GENIUS law by the President of the United States Donald Trump. The GENIUS Act represents a landmark stablecoin law that strengthened the regulatory foundation for on-chain finance, a condition that analysts believe will be most beneficial to ETH.
Since then, institutional investors have increased the rate at which they accumulate Ethereum. This steady increase in the number of wealthy investors and accumulation strengthens ETH’s position as a core infrastructure asset in the DeFi economy.
Institutional investors are not only stacking ETH and BTC through a treasury strategy, but they are also purchasing these top cryptocurrencies through Spot ETFs. In another article on the X platform, CryptoRank highlighted that the crypto pullback persists as traders shy away from risk and criminal funding turns negative. However, institutions are showing interest, as evidenced by BTC and ETH ETFs recording influxes in two consecutive days.
At the time of writing, the ETH price was holding steady at $3,900 despite falling more than 2% in the last 24 hours. The price of ETH may be falling, but data from CoinMarketCap shows its trading volume increased by over 9% over the past day.
Featured image from Pixabay, chart from Tradingview.com
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