Here’s Who Holds the Most Ethereum (ETH)

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.