Recently, the Ethereum ecosystem has reached an important turning point. According to the latest data, the amount of Ethereum (ETH) held by major institutions has surpassed a key threshold.

The combined holdings of the two core institutions, the Ethereum treasury company and the spot ETF, have exceeded 10%, reaching 10.11%. This data indicates that the influence of institutions on Ethereum is gradually increasing, and their pricing power is further concentrating.

Specifically, the Ethereum treasury company currently holds 5.49 million ETH, accounting for 4.54% of the total circulating supply. Meanwhile, the holdings of the Ethereum spot ETF have reached as high as 6.74 million ETH, representing 5.57%. This indicates that out of every 10 circulating ETH, more than 1 is held by these two major institutions.

This phenomenon reflects that the influence of institutional funds on the Ethereum market has reached a level that cannot be ignored. As the proportion of institutional holdings continues to rise, we can foresee that the price trend of Ethereum may be more influenced by these large institutional investors in the future.

For ordinary investors, this trend presents both opportunities and challenges. On the one hand, the increase in institutional investment may bring more liquidity and stability to Ethereum; on the other hand, market fluctuations may be more influenced by the decisions of a few large institutions.

As the proportion of institutional holdings continues to rise, the landscape of the Ethereum market is quietly changing. Investors need to closely monitor the development of this trend and adjust their investment strategies accordingly.