As of June 13, the total reserve of U.S. spot Ethereum ETFs reached a record-breaking 3.91 million ETH, indicating growing investor confidence in Ethereum as a digital asset.
Leaders Among Ethereum ETF Holders
BlackRock is leading with 1.58 million ETH, which constitutes 41% of the total reserves. This share is valued at approximately $4.1 billion.
Growth of Institutional Interest in Ethereum
Grayscale follows with 29.5% of the total reserve and offers additional exposure through its Mini Trust. Fidelity holds 12% of the market share.
Market Prospects for Ethereum
The increase in reserves highlights a trend of institutional accumulation and acceptance of Ethereum in traditional financial markets, potentially enhancing price stability.
The significant increase in reserves of U.S. spot Ethereum ETFs underscores confidence in Ethereum as an investment asset. Involvement from major financial players could positively impact the market.
