The US Ethereum spot ETF market has reached a significant milestone, holding an astonishing 6 million ETH. This move represents approximately 5% of the circulating supply and highlights the growing institutional adoption of cryptocurrencies. Experts believe these holdings influence market dynamics, contributing to recent price volatility. However, the increased accessibility raises concerns about decentralization within the Ethereum ecosystem. On August 19th, US Ethereum spot ETFs held 6.3 million ETH, representing around 5.1% of Ethereum’s supply and valued at roughly $26.7 billion. This surge in institutional interest is reshaping the market landscape, affecting both short-term price movements and long-term investment strategies.