Foresight News reports that the Ethereum Foundation has released its 2024 report, which showcases the ongoing efforts of the Ethereum Foundation (EF) team, EF grantees, and organizations like Argot Collective, L2BEAT, Nomic Foundation, and 0xParc to develop the Ethereum institutional ecosystem. As of October 31, 2024, EF's asset reserves amount to approximately $970.2 million, of which $788.7 million is in crypto assets and $181.5 million is in non-crypto investments and assets. The majority of crypto holdings (99.45%) are held in the form of ETH, which represents 0.26% of the total ETH supply as of October 31, 2024. EF expenditures in 2023 reached $134.9 million, with 37.2% allocated to internal operations, 35.2% supporting the development of new institutions, and 25.7% invested in L1 R&D. Additionally, EF has implemented a conflict of interest policy to strengthen the integrity of all its work.

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