Advisors Rise in Ethereum ETF Holdings, Outpacing Hedge Funds

A recent analysis reveals a shift in investment strategy as institutional investors are increasingly driving the growth of Ethereum ETFs. Data compiled by Bloomberg shows that advisors now hold more than hedge funds, indicating significant momentum for this asset class. James Seyffart, a Bloomberg analyst, highlighted in his Twitter post (link to X post) that investment advisors lead with over $1.35 billion invested in Ethereum ETFs, representing almost 220,000 ETH. This move marks the start of a new era where institutional involvement is crucial for shaping the ETF market.