Nearly 8% of the total supply of Ethereum is held by ETFs and corporate treasuries

The amount of Ethereum ($ETH ) held by Exchange-Traded Funds (ETFs) and companies is booming, accounting for nearly 8% of the total supply. This figure has surged from just 3% in early April, when no public companies had accumulated ETH as reserve assets.

Institutional capital flows strongly into Ethereum

Currently, Ethereum ETFs account for over 5% of the total ETH supply, equivalent to 6.15 million ETH. The two largest ETFs are BlackRock’s iShares Ethereum Trust and Fidelity’s Ethereum Fund, which have achieved net asset values of $13.1 billion and $3 billion, respectively.

At the same time, a wave of public companies is also aggressively adding ETH to their treasuries, including Bitmine Immersion Tech, The Ether Machine, and SharpLink Gaming. Experts believe that many companies missed the Bitcoin wave and are now "jumping into #Ethereum and other altcoins in hopes of achieving similar profits."

Potential and risks

This growth is driven by the recent superior performance of ETH and the diverse utility of the Ethereum network. However, some opinions suggest that this could only be a "temporary phenomenon" and that Bitcoin remains the primary asset for corporate treasuries. Nevertheless, with a favorable market environment, the trend of organizations diversifying their investment portfolios into Ethereum is expected to continue. #anh_ba_cong