Currently, there are 69 institutional storage vaults owning over 4.1 million ETH, accounting for 3.39% of the total circulating Ethereum supply.
The value of this amount of ETH is estimated to be about 17.6 billion USD, with BitMine being the entity that owns the most ETH, nearly 1.5 million ETH equivalent to 6.6 billion USD.
MAIN CONTENT
69 institutional vaults hold over 4.1 million ETH, accounting for 3.39% of the circulating supply.
BitMine holds the largest amount of ETH, nearly 1.5 million ETH valued at 6.6 billion USD.
Public ETH vaults along with US spot Ethereum ETFs collectively hold millions of ETH valued at tens of billions of USD.
How much ETH do 69 institutional vaults hold and what is its value?
Data from The Block shows that 69 institutional vaults currently control over 4.1 million ETH, with an estimated value of about 17.6 billion USD, equivalent to 3.39% of the total circulating Ethereum in the market.
This figure reflects the significant financial strength of the institutional segment in the Ethereum market, as they contribute to controlling a significant share of the supply, impacting liquidity and price volatility in the global cryptocurrency market.
Which entity holds the largest amount of ETH and what is its scale?
BitMine is leading in institutional ETH ownership with approximately 1.5 million ETH, valued at up to 6.6 billion USD. This is an overwhelming figure compared to other vaults.
Next is SharpLink Gaming with 740,800 ETH and Ether Machine holding 345,400 ETH. The fact that individuals or large organizations hold such massive amounts of ETH reflects a long-term investment trend and the potential of Ethereum in the cryptocurrency ecosystem.
"Institutional ETH vaults are becoming a crucial factor promoting the stability and growth of Ethereum in an increasingly developing cryptocurrency market."
Cryptocurrency market expert, 2024
How much ETH do public ETH vaults and Ethereum ETFs in the United States hold?
Public ETH vaults are managing a total of approximately 2.6 million ETH, equivalent to about 10.9 billion USD. This is a transparent amount of ETH under management, impacting a wide range of investors.
In addition, spot Ethereum ETFs in the United States are holding approximately 6.7 million ETH, accounting for 5.5% of the total supply. This amount of ETH reflects the preference and trust of institutional investors in professionally managed investment products.
"The Spot Ethereum ETF in the United States has attracted a large amount of ETH with over 6.7 million of the cryptocurrency, indicating that institutional capital continues to flow strongly into the Ethereum market."
ETF fund leaders, 2024
How does institutional ETH holding impact the Ethereum market?
The amount of ETH in the hands of large organizations contributes to price stability and reduces market volatility by providing stable liquidity. At the same time, the presence of these organizations enhances the credibility and trust of individual investors.
Furthermore, the allocation of ETH into ETF funds facilitates investors' access to Ethereum through traditional channels, expanding investment scale and diversifying cryptocurrency asset portfolios.
Frequently Asked Questions
What is an institutional Ethereum vault?
They are wallets or funds held by financial institutions to store and manage Ethereum at a large scale for long-term investment.
How much ETH does BitMine own?
BitMine holds approximately 1.5 million ETH, equivalent to a value of 6.6 billion USD.
What is the role of the Spot Ethereum ETF?
Spot ETFs provide a safe, transparent investment channel for institutional and individual investors to access Ethereum more easily.
How is a public ETH vault different from an institutional vault?
Public vaults allow for transparency of information, enabling investors to monitor and trust more compared to private institutional vaults.
What benefits do businesses gain from holding large amounts of ETH?
Holding large amounts of ETH helps businesses maintain liquidity, increase their credibility in the cryptocurrency market, and diversify their assets.
Source: https://tintucbitcoin.com/69-vault-ethereum-giu-41-trieu-eth/
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