15.02.2025 12:31
The interest of institutional investors in Ethereum ETFs is rapidly increasing. The institutional ownership rate has risen from 4.8% to 14.5%, while Bitcoin ETFs continue to lead the market with 21.5%. Goldman Sachs has become the largest institutional investor by investing $195 million in BlackRock's iShares Ethereum Trust ETF.
As major institutions like the Abu Dhabi sovereign wealth fund and the Wisconsin State Retirement Fund take significant positions in the ETF market, experts indicate that this situation marks a new phase of institutional adaptation.
BlackRock Maintains Market Dominance in ETFs
Bitcoin ETFs are set to launch in January 2024, while Ethereum ETFs will begin operations in July 2024. BlackRock's IBIT ETF manages assets worth $56.3 billion, and the ETHA ETF manages $3.6 billion.
Goldman Sachs increased its Bitcoin ETF positions by 88% quarter-over-quarter. The company is the third-largest holder of IBIT with 24.07 million shares. Barclays also opened a new IBIT position worth $131 million.
For the first time, Abu Dhabi's sovereign wealth fund opened a Bitcoin ETF position worth $436.9 million. The Wisconsin State Retirement Fund doubled its assets in IBIT, raising them to $321.5 million.
Bitwise senior investment strategist Juan Leon stated that these developments indicate an increased interest in cryptocurrency ETFs from large institutions such as sovereign wealth funds and pension funds.