Ethereum Treasuries and Spot ETFs Now Hold Over 10% of ETH

Treasury firms hold 5.66 million ETH, 4.68% of Ethereum’s total supply.
Spot Ethereum ETFs now control 6.81 million ETH, 5.63% of supply.
October saw $621.4 million in net inflows to U.S. spot Ethereum ETFs.
SharpLink’s ETH treasury strategy saw unrealized profits exceed $900 million.

Ethereum’s institutional adoption has reached a new benchmark, with treasuries and spot exchange-traded funds (ETFs) now controlling over 10% of the total supply. As of October 2025, data shows that treasury companies and ETFs combined hold 12.48 million ETH, reflecting growing institutional confidence in Ethereum. This trend underscores Ethereum’s evolving role in the financial sector, attracting significant investment from both corporate entities and institutional investors.

Ethereum Treasuries: A Rising Force in Crypto Holdings

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Ethereum treasury companies now collectively hold around 5.66 million ETH, which equates to 4.68% of the total supply. This accumulation signals a shift towards greater corporate adoption of Ethereum as a long-term asset.

Public companies, such as BitMine and SharpLink, are increasingly adding Ethereum to their balance sheets, mirroring the trend that began with Bitcoin treasury movements.

This growing interest is partly driven by Ethereum’s enhanced use cases, including its potential as a yield-generating asset. As more corporations move towards blockchain-based technologies, Ethereum is emerging as a key digital asset for treasury management.

Treasury companies are now actively incorporating ETH as part of their diversification strategies, looking beyond traditional investments for opportunities that align with the digital economy.

Spot ETFs and Ethereum’s Institutional Growth

Spot Ethereum ETFs are also playing a significant role in Ethereum’s market growth. These ETFs, which now hold approximately 6.81 million ETH, account for 5.63% of the total supply. This reflects strong investor interest in Ethereum-based funds as a viable option for exposure to the cryptocurrency without the need to manage the underlying asset directly.

In October 2025, U.S. spot Ethereum ETFs saw inflows of $621.4 million, a noticeable increase from previous months. These inflows suggest that institutional investors are increasingly seeing Ethereum as a stable and profitable asset. The rise in ETF participation highlights Ethereum’s maturing market infrastructure, making it easier for large investors to gain exposure to the digital asset class.

A Changing Landscape for Ethereum’s Market

The combined holdings of treasury firms and spot ETFs now account for over 10% of Ethereum’s total supply. This shift is an indication of growing institutional confidence in the network and its long-term viability. Over recent months, the Ethereum ecosystem has seen significant developments, from advancements in scalability and smart contract capabilities to increased network adoption by developers and users alike.

As institutional investors continue to accumulate ETH, the overall market for Ethereum becomes more robust. This growing presence of corporate entities and ETFs suggests a future where Ethereum is a core part of institutional portfolios, similar to the role Bitcoin has played in recent years.

Strong ETF Inflows Reflect Ethereum’s Market Maturity

The surge in ETF inflows is a key indicator of Ethereum’s increasing maturity as an investment asset. In addition to the $621.4 million in October, the market saw $285.7 million in inflows in September, further proving the growing institutional appetite for Ethereum exposure. These consistent inflows are further proof that Ethereum is seen as a reliable asset for investment.

SharpLink, a notable company that has adopted an ETH treasury strategy, reported an unrealized profit of over $900 million as of early October 2025. This highlights the potential rewards of holding Ethereum as part of a corporate treasury strategy, reinforcing the view that Ethereum is not just a speculative asset but a solid investment choice for large corporations.

The growth in institutional participation within Ethereum’s ecosystem is a clear sign of its market maturation. With more corporate treasuries and ETFs increasing their holdings, Ethereum is proving to be a strong player in the cryptocurrency and broader financial markets.

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