Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Institutional investors add 388,000 ETH to portfolio in Q2 via Ethereum ETFs

Source Cryptopolitan

Institutional investors increased their exposure to spot Ethereum exchange-traded funds (ETFs) by more than 388,000 ETH in the second quarter. Among this class, investment advisors are now the biggest holders of Ethereum ETFs by a large margin.

Bloomberg analyst James Seyffart disclosed this on X, noting that advisors now have almost double the exposure to ETH ETFs that hedge funds now have.

According to Seyffart, investment advisors now hold 539,757 ETH through their exposure to Ethereum ETFs, translating into $1.351 billion in value. In the second quarter alone, they added 219,668 ETH.

This was more than any other category of investors added within that period, with hedge funds coming second by adding 140,287 ETH in the same period. Following the hedge funds’ increase in exposure, they now hold a combined 274,758 ETH worth $687.94 billion.

Meanwhile, brokerage firms and private equity came in third and fourth in terms of ETH ETF holdings, with the two holding 101,058 ETH ($253 million) and 24,857 ETH ($62.24 million), respectively. Completing the top five were holding companies with 24,238 ETH exposure worth $60.688 million.

Institutional investors increase Ethereum ETF exposure with 388,000 ETH in Q2 — Top Ether ETF holders by category. Source: James Seyffart

Interestingly, all the top five ETH ETF holders increased their exposure during Q2, but it was not the same for all the categories. For instance, the data also shows that trusts, pension funds, and banks reduced their ETH ETF exposure during that period, with the three selling a combined 3,116 ETH.

The dominance of investment advisors with Ethereum ETFs is similar to Bitcoin ETFs, where they hold 161,909 Bitcoins valued at over $17 billion as of the end of Q2. However, Seyffart noted that the 13F data does not provide a snapshot into which category of investor is holding Ethereum and Bitcoin ETFs.

He acknowledged that it does not necessarily provide the full picture, as the data is based on 13F filings of these firms with the Securities and Exchange Commission (SEC). He explained that 13F data only accounts for around 25% of all Bitcoin ETF shares, while 75% is owned by those who do not file with the SEC. Seyffart explained that this group is mostly made up of retail traders.

Goldman Sachs leads the institutional acquisition of Ethereum ETFs

Meanwhile, a breakdown of the 13F filings by institutions shows that Goldman Sachs is the leading holder of Ethereum ETFs. According to its filing, the bank currently holds 288,294 ETH worth $721.8 million. This was after a massive accumulation of 160,072 ETH through the ETFs during Q2.

Other firms with sizable exposure also included Jane Street with 76,044 ($190.4 million), Millennium Management with 74,677 ETH ($186.96 million), and Capula Management with 58,841 ETH ($147.32 million). So far, every other firm with disclosures has below $100 million worth of ETH exposure.

However, several new firms gained exposure to Ethereum ETFs in Q2. These include Logan Stone Capital with $38 million worth of ETH ETF shares, BlueCrest Capital Management with $28 million, and Almitas Capital and Clear Street.

Interestingly, many market observers believe that the data from the 13F filings are already old because they ended in June, whereas Ethereum ETFs only started seeing massive inflows in Q3, with the products recording an all-time high in net flows and trading volume over the past two months.

ETH retests $4,600 as Standard Chartered calls asset undervalued

The increasing exposure from Wall Street firms highlights how ETH is rapidly becoming a darling for institutional investors. This is likely due to its recent performance, which has seen the token rise by more than 75% in value over the past few weeks.

While it has seen brief price corrections over that period, ETH looks set to solidify itself above $4,600 after testing that level multiple times over the past month. It is currently up by around 1% to trade $4,604 according to CoinMarketCap, and all signs suggest it could rise further in value.

This is likely the reason behind the strongly positive sentiments around the asset, as evidenced by a recent note by Standard Chartered analysts that ETH and the Ethereum treasury companies are currently undervalued. The bank’s Geoffrey Kendrick believes that ETH could still finish the year at $7,500 and projects that the asset could be worth $25,000 by 2028.

Get up to $30,050 in trading rewards when you join Bybit today

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks in The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Author Irene Q.

Sep 17, Thu

The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Gold ends three-week slide at the $4,400 line — eight straight days of ETF inflows vs a 5% 10-year and a 100 dollar Spot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.

Author Suzie

Sep 20, Sun

Spot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.

Bitcoin rallies near $86K on improving markets ahead of quarterly options expiry Bitcoin (BTC) market conditions improved over the past week as spot buying pressure strengthened and derivatives positioning increased, pushing the top crypto near $86,000.

Author FXStreet

Yesterday 01: 16

Bitcoin (BTC) market conditions improved over the past week as spot buying pressure strengthened and derivatives positioning increased, pushing the top crypto near $86,000.

Dollar holds above 100 near a 3-month high — three Fed speakers and a $69 billion auction land tonight The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

Author Suzie

Yesterday 06: 34

The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

4 hours ago

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Popular Symbols