Ethereum News Update: Major Institutions View Ethereum as a Key Asset, Outpacing ETF Investments
- 68 publicly traded firms now hold 12.7 million ETH, surpassing all Ethereum spot ETFs' 11.3 million holdings as of July 2024. - Firms like Coinbase and Gemini lead corporate accumulation, while banks like Fidelity expand crypto custody services for institutional clients. - Analysts cite regulatory clarity and improved risk frameworks as drivers, with 72% of institutional investors boosting crypto allocations in 2024. - Critics warn of market manipulation risks as corporate holdings now control 54% of ins
The influence of corporations over
Recent figures point to a significant uptick in Ethereum accumulation by corporations over the last year, with participants spanning industries from financial technology to online retail
Experts link this rapid growth to clearer regulations and enhanced risk management systems. "Businesses are now approaching crypto as they would any other investment category," explained Sarah Kellner, a digital asset strategist at
This trend has surpassed projections for Ethereum spot ETFs, which
Regulatory bodies are keeping a close watch on these developments. The U.S. Securities and Exchange Commission (SEC) has called for more detailed reporting from firms with substantial crypto assets, emphasizing oversight of governance and resilience measures. "Openness is essential for upholding the integrity of the market," SEC Chair Gary Gensler remarked in a recent address.
As corporate involvement in Ethereum continues to expand,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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