The approval of spot Bitcoin and Ethereum ETFs in the US is a significant milestone in the cryptocurrency industry, and it also contributes to the increasing institutional adoption of cryptocurrencies.
While Bitcoin ETFs have seen record-breaking inflows, Ethereum ETFs have not met expectations.
Institutional purchases of Bitcoin are closely monitored in the market, but Ethereum (ETH) purchases do not receive as much attention as BTC.
MicroStrategy, a prominent institutional company, holds the most BTC among institutional investors, while Arkham has announced that Grayscale is the largest institutional holder of Ethereum.
According to Arkham, Grayscale currently holds approximately $6.62 billion worth of ETH.
“Grayscale is the largest institutional holder of ETH, with $6.62 billion worth of ETH,” stated Arkham.
On December 30, 2024, Arkham tweeted the announcement along with a picture highlighting Grayscale’s position.
Recently, Bitwise applied for a new spot Bitcoin ETF that tracks the stocks of companies holding at least 1,000 BTC. In response, Nate Geraci, the president of ETF Store, shared a table showing the companies that hold more than 1,000 BTC. MicroStrategy topped the list, followed by Marathon Digital, Riot, Hut8, Tesla, and Coinbase.
In related news, Bitwise has filed for a new Bitcoin ETF, and institutional Bitcoin bulls are lining up.
*This information is not investment advice.