# Ethereum Holdings See Massive Growth in 2024 Ethereum (ETH) is experiencing a surge in institutional adoption. According to Nate Geraci, CEO of Novadius Wealth Management, Ethereum holding companies and spot ETFs have collectively accumulated $19 billion worth of ETH this year alone. # ETFs and Companies Driving Ethereum Accumulation ETFs account for a significant $7 billion of this total, while direct purchases by companies amount to $12 billion. This indicates a strong belief in Ethereum's long-term potential and its role in the evolving digital economy. # Ethereum's Growing Utility: Stablecoins and Blockchain Adoption Geraci highlights that banks, fintech companies, and listed corporations are increasingly leveraging stablecoins, with a substantial portion being settled on open-source blockchains like Ethereum. This increased utility is contributing to a gradual shift away from Bitcoin's dominance, as Ethereum's versatility attracts a wider range of use cases and institutional interest. The continued growth in Ethereum holdings suggests a promising future for the platform and its ecosystem. ```

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