Institutional Investors Increase Ethereum ETF Holdings by Over 388,000 ETH

Institutional investors significantly expanded their exposure to Ethereum exchange-traded funds (ETFs) during the second quarter. According to a Bloomberg analysis by analyst James Seyffart, investment advisors now hold approximately double the ETH ETF holdings of hedge funds. This surge in investments is evident in the substantial increase of 219,668 ETH added by investment advisors alone in the second quarter, surpassing any other category of investors.