17 listed companies hold 3.4 million ETH, and Q2 institutional Ethereum holdings hit record high

# Institutional Investors Significantly Increased Ethereum Holdings via ETFs in Q2 2025; Q3 Inflows Accelerated

In the second quarter of 2025, institutional investors substantially increased their Ethereum (ETH) holdings through Exchange-Traded Funds (ETFs). Investment advisory firms dominated this trend with holdings reaching $1.35 billion (539,757 ETH). Goldman Sachs led individual institutional holdings with $721.8 million, followed by hedge funds and brokerage firms. By the end of the quarter, the total institutional ETH ETF holdings amounted to $2.44 billion (975,650 ETH). Capital inflows accelerated in the third quarter, with a single-month increase of $3.7 billion in August, reflecting the growing recognition of Ethereum as a corporate treasury asset.

Author: CryptoSlate  

Compiler: White55, Mars Finance  

In Q2 2025, institutional investors added 388,301 ETH to their holdings via ETFs, among which investment advisory firms accounted for the highest adoption rate of Ethereum ETFs in the traditional financial sector.  

According to data shared by James Seyffart, an ETF analyst at Bloomberg, investment advisory firms currently control $1.35 billion in Ethereum ETF holdings, equivalent to 539,757 ETH. Over the past quarter, this category of institutions recorded a net increase of 219,668 ETH in their holdings.  

The holdings of investment advisory firms far exceeded those of other institutional categories: Hedge fund managers ranked second with $687 million in holdings (274,757 ETH), representing a 104% growth compared to Q1.  

## Ethereum  

Goldman Sachs led individual institutional holders with $721.8 million in Ethereum ETF holdings, equivalent to 288,294 ETH.  

Jane Street Group followed closely with $190.4 million in holdings, while Millennium Management held ETF shares worth $186.9 million.  

The concentrated participation of top Wall Street institutions indicates that traditional investment portfolios have recognized Ethereum as a legitimate asset class.  

Brokerage firms emerged as the third-largest institutional category with $253 million in holdings, achieving a net increase of 13,525 ETH (a 15.4% growth) in the quarter.  

Private equity firms and holding companies contributed $62.2 million and $60.6 million in holdings, respectively; in contrast, pension funds and banks reduced their Ethereum holdings.  

By the end of Q2, the total Ethereum ETF holdings across all institutional categories tracked by Bloomberg Intelligence reached $2.44 billion, corresponding to a combined 975,650 ETH.  

Current data suggests that institutional participation is expected to rise significantly further in Q3.  

Data from Farside Investors shows that capital inflows into Ethereum ETFs surged from $4.2 billion on June 30 to $13.3 billion on August 26, marking an over threefold increase and setting a new record for cumulative capital inflows. In August alone, new capital inflows amounted to approximately $3.7 billion.  

This growth trend aligns with the increasing adoption of Ethereum as a corporate treasury asset. According to data compiled by Strategic ETH Reserve, 17 public companies currently hold 3.4 million ETH, with a market value of nearly $15.7 billion.  

On August 26, SharpLink announced its latest增持 move, adding 56,533 ETH to its treasury, bringing its total holdings to 797,704 ETH. However, this scale still falls far short of BitMine’s 1,713,899 ETH (with a market value of nearly $8 billion).  

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