Institutional Giants Now Command Over 9% of All Ethereum in Circulation

Wall Street's crypto grab accelerates as institutions and ETFs lock down massive ETH stakes.

The Big Money Move

Major financial players now control more than 9% of Ethereum's entire supply through ETFs and institutional holdings. That's nearly one-tenth of all ETH effectively taken off the market and placed in vaults.

Supply Squeeze incoming

This institutional accumulation creates a supply shock scenario—because when whales hoard assets, retail investors scramble for scraps. Traditional finance finally understands crypto's first rule: scarcity drives value, even if they're about a decade late to the party.

The irony? These same institutions that once dismissed Ethereum now can't get enough of it—proving once again that in finance, principles are flexible when profits are on the table.

Ethereum Treasuries Drive Price Rally

The US spot ethereum ETF market is the most significant player in this trend. In just one year since their launch, these ETFs have accumulated 5.6% of the total Ethereum supply, valued at approximately $31.2 billion.

The number of US institutions holding Ethereum has grown to 70. Many began increasing their reserves in early April this year. These entities now hold 3.6% of the circulating supply. This amounts to roughly 4.36 million ETH and equals $20.1 billion in value.

Analysts point to these Ethereum-holding public companies as the main drivers of this year’s price rally. Their most aggressive buying periods have consistently coincided with Ethereum’s most significant price surges.

Bitmine Immersion Tech is the top institutional holder, with 1.7 million ETH. The company began its ETH accumulation on June 20 of this year, having amassed an impressive $8 billion worth of ETH in just two months.

Second-place holder SharpLink Gaming owns 797,700 ETH. Their buying spree, which began on June 8, corresponded with a 55.34% increase in Ethereum’s price.

Some analysts cite this trend as a bullish indicator for future price appreciation. Bitmine has publicly committed to acquiring enough ETH to reach 5% of the total circulating supply, a goal that WOULD require them to purchase an additional 4 million ETH.

In a recent report, Standard Chartered projected that “digital asset-focused” (DAT) companies treating Ethereum as a treasury asset could eventually hold up to 10% of the total supply. The report concluded that the buying spree by DAT firms is still in its early stages.