Original text: Cryptoslate
Compiled by: Blockchain Knight
In the second quarter of 2025, institutional investors increased their ETH holdings by 388,301 through ETFs, with investment advisory firms having the highest adoption rate of Ethereum ETFs in traditional finance.
According to data shared by Bloomberg ETF analyst James Seyffart, investment advisory firms currently control $1.35 billion in Ethereum ETF holdings, corresponding to 539,757 ETH; in the past quarter, this type of institution net increased its holdings by 219,668 ETH.
The holdings of investment advisory firms far exceed those of other institutional categories: hedge fund managers rank second with a holding of $687 million, corresponding to 274,757 ETH, an increase of 104% from the first quarter.
Goldman Sachs leads single institutional holders with $721.8 million in Ethereum ETF holdings, equivalent to 288,294 ETH.
Jane Street Group follows closely with a holding of $190.4 million, while Millennium Management's ETF shareholding stands at $186.9 million.
The concentrated participation of top Wall Street institutions indicates that traditional portfolios have recognized Ethereum as a legitimate asset class.
Brokerages became the third largest institutional category with a holding of $253 million, net increasing 13,525 ETH this quarter (an increase of 15.4%).
Private equity firms and holding companies contributed $62.2 million and $60.6 million in holdings, respectively; while pension funds and banks reduced their Ethereum holdings.
By the end of the second quarter, the total holdings of Ethereum ETFs tracked by Bloomberg Intelligence across all institutional categories reached $2.44 billion, corresponding to a total of 975,650 ETH.
Current data suggests that institutional participation in the third quarter is expected to increase significantly.
Data from Farside Investors shows that the inflow of funds into Ethereum ETFs skyrocketed from $4.2 billion on June 30 to $13.3 billion on August 26, an increase of over three times, setting a new historical record for cumulative fund inflows. In just August alone, the new inflow of funds reached approximately $3.7 billion.
This growth trend corresponds with the continuous increase in the adoption of Ethereum as an asset in corporate treasuries. According to aggregated data from Strategic ETH Reserve, 17 listed companies currently hold 3.4 million ETH, valued at nearly $15.7 billion.
On August 26, SharpLink announced its latest increase, adding 56,533 ETH to its treasury, bringing its total holdings to 797,704 ETH. However, this scale is still far below BitMine's 1,713,899 ETH (valued at nearly $8 billion).
