Institutional investors raised their exposure to Ethereum (ETH) through listed funds (ETFs) with 388,301 ETH in the second quarter, with investment advisers being the largest share of adoption in the traditional financial sectors.
According to Data shared By Bloomberg ETF analyst James Seyffart, Investment Advisor companies control $ 1.35 billion in Ethereum ETF exposure, which represents 539,757 ETH and records 219,668 ETH in Netto supplements last quarter.
Investment advisers dwarf other institutional segments, in which hedge fund managers are second at $ 687 million in exposure. Their possession is equal to 274,757 ETH, which represents an increase of 104% compared to the first quarter.
Growing institutional adoption
Goldman Sachs leads individual institutional holders with $ 721.8 million in Ethereum ETF positions, equal to 288.294 ETH exposure.
Jane Street Group follows $ 190.4 million, while Millennium Management recommends $ 186.9 million in ETF shares.
The concentration between Topwallstraat companies shows the institutional acceptance of Ethereum as a legitimate activa class within traditional portfolios.
Brokerage companies generated the third largest exposure category at $ 253 million, with 13,525 ETH (15.4%) positions during the quarter.
Private equity and holding companies contributed $ 62.2 million and $ 60.6 million respectively, while pension funds and banks reduced their hands on Ethereum’s exposure.
The total institutional exposure in all categories followed by Bloomberg Intelligence reached $ 2.44 billion towards the end of the second quarter, which represents an ETH of 975,650 in combined interests.
The third quarter may also show a significant increase in institutional participation based on the figures so far.
Finsiness data investors show that Ethereum ETF entry increased from $ 4.2 billion on 30 June to $ 13.3 billion by August 26Marking a more than triple increase and a new of all time high in cumulative inflow. Just August alone generated around $ 3.7 billion in extra flows.
The acceleration follows the continuous approval of Ethereum as an active of the business treasure. Data collected by the Strategic ETH reserve shows that 17 listed companies Hold 3.4 million ETHworth almost $ 15.7 billion.
Sharplink registered the latest acquisition on 26 August and added 56,533 ETH to his treasury, which brought the total to 797,704 ETH. However, it remains considerably lower than Bitmine’s 1,713,899 ETH -ECHAT, worth almost $ 8 billion.
