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US Spot Ethereum ETFs Now Control Over 5% of Total ETH Supply

According to The Block via BlockBeats, U.S. spot Ethereum ETFs collectively hold approximately $26.7 billion worth of ETH, accounting for about 5.1% of the total circulating supply.

ETH

Summary

On-chain data reported by The Block via BlockBeats shows that U.S. spot Ethereum exchange-traded funds currently hold 6.3 million ETH, valued at around $26.7 billion. This represents roughly 5.1% of Ethereum's total supply, highlighting significant institutional and investor demand for ETH through regulated spot ETFs.

Terms & Concepts
  • Spot Ethereum ETF: An exchange-traded fund that directly holds Ethereum, allowing investors to gain exposure to ETH price movements without owning the asset directly.
  • ETH Supply: The total circulating amount of the Ethereum cryptocurrency available in the market.