Institutions and ETFs Now Hold 12.5M ETH, Over 10% of Ethereum Supply

Institutional demand for Ethereum is hitting new highs, with treasury firms and exchange-traded funds now holding over 12.48 million ETH, roughly 10.31% of the network’s total ￰0￱ Takeaways: Institutions and ETFs now hold over 12.48 million ETH, marking a major shift toward Ethereum as a treasury ￰1￱ Ether ETFs saw $621 million in inflows in October, more than doubling the previous ￰2￱ has amassed 839,000 ETH and plans to stake on Ethereum’s Linea network for added ￰3￱ to data from StrategicETHReserve , corporate treasuries hold about 5.66 million ETH (4.68% of supply), while spot Ethereum ETFs have amassed another 6.81 million ETH (5.63%). The figures underscore a growing shift among institutions toward Ethereum as a productive asset, mirroring the corporate Bitcoin accumulation trend seen in recent ￰4￱ Ether ETF Inflows Hit $621M in October, Doubling September’s Total October saw US-listed spot Ether ETFs record net inflows of $621.4 million, more than doubling September’s $285.7 million, per ￰5￱ August, inflows peaked at $3.9 billion, suggesting a sustained appetite for Ethereum ￰6￱ standout example is SharpLink Gaming, which revealed this week it now holds 839,000 ETH with no debt on its balance ￰7￱ company, listed on Nasdaq under the ticker SBET, launched its ETH treasury strategy in June and has seen its unrealized profits soar past $900 million since ￰8￱ said it has doubled its ETH concentration over the past four months.

“This is the power of a productive and yield-bearing asset like ETH,” the company wrote in a post on X. SharpLink’s unrealized profit now surpasses $900M since launching the ETH treasury strategy on June 2, ￰9￱ that time, ETH concentration doubled, making every share more ￰10￱ 839k ETH on our balance sheet and no debt, SharpLink’s in a strong position to keep… ￰11￱ — SharpLink (SBET) (@SharpLinkGaming) October 6, 2025 Beyond holding ETH, SharpLink is also preparing to tokenize its common stock (SBET) on Ethereum and has plans to stake part of its holdings on Linea, Ethereum’s Layer 2 network developed by ￰12￱ Lubin, chairman of SharpLink and founder of Consensys, said Linea could offer attractive risk-adjusted yields for institutions.

“SharpLink is going to continue to accumulate ether,” Lubin said, adding that staking on Linea could make it “the best place to deploy your ether at Layer 2.” XWIN Finance: $10K Ethereum Is a Liquidity-Driven Possibility Crypto hedge fund XWIN Finance argues that Ethereum could realistically reach $10,000 this cycle , driven by macro liquidity ￰13￱ global M2 money supply hits record highs and ETH exchange reserves decline sharply, analysts say Ethereum is entering a “revaluation phase” similar to Bitcoin’s rally pattern during past liquidity ￰14￱ Bitcoin has already surged over 130% since 2022 in response to M2 expansion, Ethereum has lagged with only a 15% gain.

However, ETH exchange reserves have dropped by over 25% since 2022, and negative netflows signal that coins are being locked in staking or cold wallets, reducing sell ￰15￱ demand is also picking up, with the Coinbase Premium Index turning positive. Historically, ETH outperforms once Bitcoin dominance falls below 60%, often triggering capital rotation into ￰16￱ early indicators resembling the 2020–2021 cycle, XWIN believes that 2025 could be Ethereum’s breakout year, with $10K driven by structural ￰17￱ Hayes, co-founder of BitMEX, also believes that $10,000 Ethereum by the end of 2025 seems well within ￰18￱ a July blog post , Hayes laid out his thesis, tying the potential price surge to US President Donald Trump’s economic policies and what he describes as a shift to a wartime economy.