Ethereum treasuries and spot ETFs now hold over 10% of ETH supply

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Quick Take

  • The combined ETH holdings of treasury firms and ETFs have risen to 12.48 million ETH, representing 10.31% of Ethereum’s supply. 
  • Ethereum treasury companies hold around 5.66 million ETH, while spot ether ETFs hold roughly 6.81 million ETH, according to StrategicETHReserve data.

Institutional and corporate accumulation of Ethereum has reached a milestone, with treasury companies and spot exchange-traded funds collectively holding more than 10% of ETH's total supply.

According to data from StrategicETHReserve, the combined holdings have climbed to 12.48 million ETH, representing 10.31% of Ethereum's supply. 

Specifically, Ethereum treasury companies collectively hold around 5.66 million ETH, equivalent to 4.68% of supply. Meanwhile, spot Ethereum ETFs hold roughly 6.81 million ETH, or 5.63% of the total.

The data reflects growing confidence in Ethereum as a yield-generating asset and the continued institutionalization of its market infrastructure. The surge in ETF inflows in recent months has coincided with public companies such as BitMine and SharpLink adding ETH to their balance sheets — a trend often compared to the Bitcoin treasury movement led by Strategy.

In October, U.S. spot ether ETFs recorded $621.4 million in monthly net inflows, compared to inflows of $285.7 million in September and $3.9 billion in August, according to SoSoValue data.

On Monday, SharpLink said it has seen its unrealized profits surge past $900 million since launching its ETH treasury strategy in early June.


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© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

AUTHOR

Timmy Shen is an Asia editor for The Block. Previously, he wrote about crypto and Web3 for Forkast.News from Taiwan after spending more than three years in Beijing covering finance, entertainment business and current affairs at Caixin Global and Chinese tech at TechNode. His China-related reporting has also appeared in The Guardian. When he's not chasing headlines, you'll find him savoring hot pot and shabu shabu in a Taipei local haunt. Timmy holds an MS degree from Columbia University Graduate School of Journalism. Send tips to [email protected] or get in touch on X/Telegram @timmyhmshen.

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To contact the editor of this story: Vishal Chawla at [email protected]

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