In the second quarter, institutional investors increased their investments in Ethereum-based ETFs by over 388,000 ETH. Bloomberg analyst James Seyffart reports this.
Key Data on Ethereum ETF Investments
Investment advisors have become the largest holders of Ethereum ETFs, increasing their assets to 539,757 ETH, equivalent to $1.351 billion. In the second quarter alone, they added 219,668 ETH, the largest increase among all investor categories. Hedge funds followed in second place, adding 140,287 ETH and reaching a combined total of 274,758 ETH ($687.94 billion).
Leaders in Institutional Ethereum ETF Investments
Goldman Sachs has become the leading holder of Ethereum ETFs, holding 288,294 ETH valued at $721.8 million. Other significant players included Jane Street with 76,044 ETH and Millennium Management with 74,677 ETH. A number of new firms such as Logan Stone Capital and BlueCrest Capital Management have also increased their exposure to Ethereum ETFs.
Ethereum Price and Analyst Forecasts
According to recent data, Ethereum is testing the $4,600 level, with analysts from Standard Chartered considering the asset undervalued. This creates positive expectations for the future, with forecasts suggesting ETH could reach $7,500 by the end of the year and $25,000 by 2028.
The rising interest of institutional investors in Ethereum ETFs highlights the growing significance and potential of the asset in financial markets.
