In the second quarter of 2025, institutional investors continued to increase their holdings in Ethereum. The latest data shows that institutions increased their holdings by 388,301 ETH through ETFs, with investment advisory firms having the highest adoption rate in traditional finance.
Bloomberg ETF analyst James Seyffart pointed out that investment advisory firms currently hold $1.35 billion in Ethereum ETFs, corresponding to 539,757 ETH, with a net increase of 219,668 ETH in a single quarter. This scale far exceeds that of other institutions:
Hedge funds rank second with $687 million (274,757 ETH), a quarter-on-quarter increase of 104%;
Goldman Sachs holds the largest single institutional position, amounting to $721.8 million (288,294 ETH);
Jane Street Group and Millennium Management hold $190 million and $186 million, respectively.
Brokerages, private equity firms, and holding companies are also actively entering the market, contributing $253 million, $62.2 million, and $60.6 million in holdings, respectively. In contrast, pension funds and banks have reduced their holdings.
Overall, as of the end of the second quarter, the total holdings of institutional Ethereum ETFs reached $2.44 billion (975,650 ETH). Entering the third quarter, the inflow of funds further accelerated: Farside Investors statistics show that the funds flowing into Ethereum ETFs skyrocketed from $4.2 billion on June 30 to $13.3 billion on August 26, setting a new historical high, with about $3.7 billion added in August alone.
At the same time, corporate treasury allocations in Ethereum are also increasing. Strategic ETH Reserve revealed that a total of 17 listed companies hold 3.4 million ETH, with a market value close to $15.7 billion. Among them, BitMine ranks first with 1.71 million ETH (approximately $8 billion), and SharpLink recently increased its holdings by 56,533 ETH, bringing its total holdings to 797,704.
The concentrated layout of Wall Street and the continuous accumulation by enterprises are accelerating Ethereum's transition from an 'emerging asset' to a 'core allocation.'
