Ethereum ETFs are pulling heavyweight investors deeper into the market, with new data revealing a strong wave of institutional accumulation. Bloomberg analyst James Seyffart reported on X that advisors and hedge funds are now leading Ethereum ETF holdings, a signal of shifting Wall Street interest.
According to the data he provided, investment advisors lead with over $1.35 billion invested in more than 539,000 ETH. They have increased their holdings by nearly 220,000 ETH, keeping their top spot in the market. Hedge funds followed with $688 million in exposure, adding 140,000 ETH. Consequently, advisors and hedge funds remain the strongest drivers of inflows.
Major Players Step In
Additionally, Bloomberg’s breakdown highlights Goldman Sachs as the largest disclosed holder with $721 million in Ethereum ETFs. The bank boosted its position by more than 160,000 ETH.
In a follow-up post, Seyffart revealed Jane Street and Millennium Management ranking next, with exposures of $190 million and $187 million. Other big firms such as Capula Management, DE Shaw, and HBK Investments also had notable stakes.
As most firms increased their exposure, a few made cuts. Schofield Strategic Advisors trimmed its holdings by over 16,000 ETH, and Van Eck Associates reduced its stack by approximately 2,700 ETH.
ETF Market Momentum Builds
Furthermore, recent data from SoSoValue indicates that inflows are holding strong. On August 26, Spot Ethereum ETFs saw $455 million in net inflows. Since their launch, cumulative inflows have reached $13.33 billion, while total assets have moved to $29.89 billion, making up 5.4% of Ethereum’s market cap.
BlackRock’s ETHA was leading with $323 million in daily inflows, which supported its assets to $16.9 billion. Following closely was Fidelity’s FETH, which attracted $85.5 million in inflows and now has $3.66 billion in assets. Grayscale ETHE on other side faces challenges, whereby it experienced $4.5 billion in outflows, despite seeing a slight daily inflow.
Demand for Ethereum ETFs from both retail and institutional investors is on the rise. Alongside continued inflows and growing holdings, it bolsters Ethereum’s standing as the largest cryptocurrency following Bitcoin.
Also Read: Investors Shift $900M Daily from Bitcoin to Ethereum: Analyst
