The approval of Bitcoin and Ethereum spot ETFs in the US represents a landmark event for the crypto space, signaling growing institutional interest.
Bitcoin ETFs saw strong inflows, setting new records, while Ethereum ETFs failed to meet expectations in terms of institutional adoption.
Bitcoin continues to dominate in institutional purchases, with major players like MicroStrategy leading the charge in Bitcoin holdings. However, Ethereum (ETH) purchases haven’t garnered as much attention, despite Ethereum’s importance in the market.
In a recent revelation, blockchain analytics firm Arkham identified Grayscale as the largest institutional holder of Ethereum. The US-based cryptocurrency asset manager currently holds about $6.62 billion in ETH, surpassing other institutions in terms of Ethereum exposure.
Meanwhile, for Bitcoin, a table shared by Nate Geraci of ETF Store highlighted the top companies holding over 1,000 BTC, with MicroStrategy topping the list, followed by Marathon Digital, Riot, Hut8, Tesla, and Coinbase.
The PI token has suffered a steep decline, dropping to $0.61 after falling over 22% in just one week.
Two asset managers are preparing to introduce a new class of cryptocurrency investment products that combine traditional exchange-traded fund (ETF) structures with staking income from Ethereum and Solana holdings.
Institutional interest in Ethereum is clearly picking up—at least on paper. Spot Ethereum ETFs have seen nine straight days of net inflows, with BlackRock’s ETHA and Fidelity’s FETH leading the charge.
Ethereum (ETH) has gone down by 2.4% in the past 24 hours and currently sits at $2,580 in what has been mostly a red week for the crypto market. Trading volumes have retreated by 5% during this same period, indicating that the selling spree is not that strong at the moment. However, crypto liquidations have […]