Summary
- Institutions' and companies' Ethereum holdings have exceeded 10% of the total supply.
- In particular, spot exchange-traded funds (ETF) and companies hold 5.63% and 4.68% respectively, suggesting the market's institutionalization is underway.
- Sharplink said that unrealized gains have exceeded $900 million since executing the Ethereum reserve strategy.
Institutions' and companies' Ethereum (ETH) holdings have exceeded 10% of the total supply. This is regarded as an indicator that the institutionalization of the Ethereum market is progressing rapidly.
On the 7th (local time), The Block reported that, based on Strategic Ethereum Reserve(Strategic Ethereum Reserve·SER) data, the holdings of corporate Ethereum treasuries and spot exchange-traded funds(ETF) total 12.48 million ETH, accounting for 10.31% of the total supply.
In detail, corporate Ethereum treasuries are estimated to hold about 5.66 million ETH(4.68%), and spot Ethereum ETFs about 6.81 million ETH(5.63%), respectively. This suggests that Ethereum is gaining market trust as an income-generating asset and that infrastructure centered on institutional investors is rapidly expanding.
Meanwhile, the day before, Sharplink announced that unrealized gains have surpassed $900 million since it began its Ethereum reserve strategy in June.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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