Ethereum Institutional Holdings Soar: Q2 Sets Record with 3.4 Million ETH Held by 17 Public Companies

‍In the second quarter of 2025, institutional investors increased their holdings of ETH by 388,301 through ETFs, with investment advisory firms accounting for the highest adoption rate of Ethereum ETFs in the traditional financial sector.

According to data shared by Bloomberg ETF analyst James Seyffart, investment advisory firms currently control $1.35 billion worth of Ethereum ETF holdings, corresponding to 539,757 ETH; in the past quarter, these institutions had a net increase of 219,668 ETH.

The holdings of investment advisory firms far exceed those of other institutional categories: hedge fund managers rank second with $687 million in holdings, corresponding to 274,757 ETH, representing a 104% increase compared to the first quarter.

Goldman Sachs leads among individual institutional holders with $721.8 million in Ethereum ETF holdings, equivalent to 288,294 ETH.

Jane Street Group follows closely with $190.4 million in holdings, while Millennium Management's ETF share holdings amount to $186.9 million.

The concentrated participation of leading Wall Street institutions indicates that traditional investment portfolios have recognized Ethereum as a legitimate asset class.

Brokers have become the third largest institutional category with $253 million in holdings, with a net increase of 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; meanwhile, pension funds and banks reduced their Ethereum holdings.

By the end of the second quarter, the total Ethereum ETF holdings of all institutional categories tracked by Bloomberg Intelligence reached $2.44 billion, corresponding to a total of 975,650 ETH.

Based on current data, institutional participation is expected to increase significantly in the third quarter.

According to data from Farside Investors, Ethereum ETF inflows surged from $4.2 billion on June 30 to $13.3 billion on August 26, an increase of more than threefold, setting a new historical high for cumulative inflows. In August alone, new inflows reached approximately $3.7 billion.

This growth trend echoes the continued increase in Ethereum's adoption rate as a corporate treasury asset. According to data compiled by Strategic ETH Reserve, 17 listed companies currently hold 3.4 million ETH, with a market value of 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 (with a market value of nearly $8 billion).