Data suggests that Ethereum-based exchange-traded funds (ETFs) are on track to surpass their Bitcoin counterparts in terms of holdings within the respective cryptocurrencies, according to analyst Hildobby. The expert believes that Ethereum ETF accumulation will likely surpass Bitcoin’s share as early as September. 2025.
Hildobby cites data from Dune Analytics showing that while Bitcoin ETFs currently hold around 6.38% of the total Bitcoin supply, Ethereum ETFs account for a more modest 5.08%. However, when considering the rate of growth, Ethereum ETF holdings are rapidly approaching the Bitcoin ETF share, highlighting its potential to surpass its rival in the coming months.
Ethereum ETFs have experienced significant growth, with their holdings exceeding 6.52 million ETH as of August 18th, representing over 5% of the total circulating supply, and a massive jump from just above 3.5 million ETH in February.
This increase is driven by massive inflows into Ethereum funds. SoSoValue data shows that the value of Ethereum ETFs now stands at $27.74 billion, making up over 5% of Ethereum’s market capitalization. This represents a substantial jump from June 30th, when ETH ETF assets under management totaled $14.6 billion. The largest players in this ETF space are BlackRock’s iShares Ethereum Trust ETF ($12.1 billion) and Fidelity’s Ethereum Fund ($4.8 billion), which collectively account for roughly 60% of the overall market share.
Hildobby’s analysis also highlights increased institutional interest in Ethereum, with big investors now holding a record-breaking 19.2 million ETH. This concentration is linked to Ethereum’s price rebound after several periods of decline. This trend coincides with the recent rise in prices for Ethereum, which pushed above $4,500. In the process, retail investors have seen their share of ownership decrease significantly. Retail investors now hold 8.6 million ETH compared to over 20 million at the start of 2021.
However, this trend might face a reversal in the near future. US-listed spot Ethereum ETFs saw net outflows of $59.34 million on August 15th, ending an eight-day streak of continuous inflows. This comes after Ethereum’s price retreat from its all-time high and back to around $4,450. Despite this setback, last week’s inflow still reached 649,000 ETH, marking a record for weekly totals.
Join Bybit now and claim a $50 bonus in minutes