Institutional investors significantly increased their exposure to Ethereum (ETH) via exchange-traded funds (ETFs) in Q2, adding 388,301 ETH. Investment advisor firms led the growth, holding $1.35 billion (539,757 ETH), while hedge funds followed with $687 million (274,757 ETH), marking a 104% increase from Q1.

Goldman Sachs tops the list of individual holders with $721.8 million (288,294 ETH), followed by Jane Street ($190.4M) and Millennium Management ($186.9M). Brokerage firms also expanded positions to $253 million, while private equity and holding companies contributed smaller amounts.

Total institutional exposure reached $2.44 billion (975,650 ETH) by the end of Q2. ETF inflows surged from $4.2 billion on June 30 to $13.3 billion by August 26, a threefold increase, driven by Ethereum’s growing role as a corporate treasury asset.

Currently, 17 public companies hold 3.4 million ETH worth $15.7 billion. Recent acquisitions include SharpLink adding 56,533 ETH (total 797,704 ETH), while BitMine leads with 1.71 million ETH valued at nearly $8 billion.