- Ethereum ETF’s institutional ownership jumped from 4.5% to 14.5% in Q4 of 2024
- Grayscale has sought the SEC’s nod for its ETH ETF staking feature
Institutional adoption of Ethereum ETFs increased in Q4 of 2024, unlike the bearish sentiment among the retail crowd. In fact, according to Juan Leon, senior investment strategist at Bitwise, institutional ownership of ETH ETFs jumped by about 10% from 4.8% to 14.5%.
She noted,
“Institutional ownership of ETH ETFs increased from 4.8% in Q3 to 14.5% in Q4. The institutions are coming for ETH.”
A massive adoption uptick
Here, another noteworthy trend is the relatively higher adoption rate of ETH ETFs, compared to BTC ETFs, over the same period. This, despite Bitcoin maintaining overall dominance across all sectors of the market.
According to Leon, institutional adoption for Bitcoin ETFs stood at 21.5% in Q4 2024, compared to 22.3% in Q3.
Source: X
The report was from the latest 13F filings with the SEC, which are made quarterly and offer a glimpse into bids by top managers with over $100M in AUM (Assets under management).
Notably, Fintel data revealed that BlackRock’s ETH Trust, ETHA, was dominated by Goldman Sachs, Millennium Management, and Brevan Howard Capital. The top three firms had $235M, $105M, and $94M worth of ETHA shares.
Leon added that an uptick in institutional ownership marks the next phase in adoption.
“I think that points to entering the next phase of institutional accumulation: major institutions such as sovereign wealth funds and pension funds.”
Another potential bullish update for the products is the push for ETF staking. The SEC Crypto Task Force recently met Jito Labs and crypto VC MultiCoin Capital on the issue. The move has been widely viewed as positive for likely ETF staking features. In fact, Grayscale submitted a recent SEC application for an ETF staking feature for its U.S Spot ETF product.
Commenting on the developments, Nate Geraci of the ETF Store stated that ETF staking is a “matter of time.”
“Instead of just saying “no”, SEC is actually engaging in constructive conversations. Encouraging. IMO, staking in ETH ETFs is simply a matter of time.”
That being said, the 30-day mega-whale address count (with over 10K ETH) turned positive again in February. The number of addresses with over 10k ETH has also surged to 956 from 936 so far.
Source: Glassnode
On the contrary, ETH’s price has remained muted despite the institutional adoption surge. At the time of writing, the altcoin was valued at $2.7k and was 34% down from its December high of $4.1k.
- Ethereum ETF’s institutional ownership jumped from 4.5% to 14.5% in Q4 of 2024
- Grayscale has sought the SEC’s nod for its ETH ETF staking feature
Institutional adoption of Ethereum ETFs increased in Q4 of 2024, unlike the bearish sentiment among the retail crowd. In fact, according to Juan Leon, senior investment strategist at Bitwise, institutional ownership of ETH ETFs jumped by about 10% from 4.8% to 14.5%.
She noted,
“Institutional ownership of ETH ETFs increased from 4.8% in Q3 to 14.5% in Q4. The institutions are coming for ETH.”
A massive adoption uptick
Here, another noteworthy trend is the relatively higher adoption rate of ETH ETFs, compared to BTC ETFs, over the same period. This, despite Bitcoin maintaining overall dominance across all sectors of the market.
According to Leon, institutional adoption for Bitcoin ETFs stood at 21.5% in Q4 2024, compared to 22.3% in Q3.
Source: X
The report was from the latest 13F filings with the SEC, which are made quarterly and offer a glimpse into bids by top managers with over $100M in AUM (Assets under management).
Notably, Fintel data revealed that BlackRock’s ETH Trust, ETHA, was dominated by Goldman Sachs, Millennium Management, and Brevan Howard Capital. The top three firms had $235M, $105M, and $94M worth of ETHA shares.
Leon added that an uptick in institutional ownership marks the next phase in adoption.
“I think that points to entering the next phase of institutional accumulation: major institutions such as sovereign wealth funds and pension funds.”
Another potential bullish update for the products is the push for ETF staking. The SEC Crypto Task Force recently met Jito Labs and crypto VC MultiCoin Capital on the issue. The move has been widely viewed as positive for likely ETF staking features. In fact, Grayscale submitted a recent SEC application for an ETF staking feature for its U.S Spot ETF product.
Commenting on the developments, Nate Geraci of the ETF Store stated that ETF staking is a “matter of time.”
“Instead of just saying “no”, SEC is actually engaging in constructive conversations. Encouraging. IMO, staking in ETH ETFs is simply a matter of time.”
That being said, the 30-day mega-whale address count (with over 10K ETH) turned positive again in February. The number of addresses with over 10k ETH has also surged to 956 from 936 so far.
Source: Glassnode
On the contrary, ETH’s price has remained muted despite the institutional adoption surge. At the time of writing, the altcoin was valued at $2.7k and was 34% down from its December high of $4.1k.
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