Institutional investors are warming up to Ethereum ETFs.
Millennium hedge fund accounted for over 2% of the total value of BlackRock’s ETHA.
Growing ETF demands lead to surging ETH prices.
Institutional investors are warming up to Ethereum ETFs, as data from Kaiko Research, a digital assets market analysis platform, suggests. A recent report revealed that several traditional finance firms, including Millenium, have invested in ETH ETFs since their launch in July.
The institutions are here, at least when it comes to crypto ETFs.
Traditional finance firms, including hedge fund giant Millennium, have invested in $ETH ETFs since launching in July. pic.twitter.com/Sf49bQdwQa
— Kaiko (@KaikoData) November 28, 2024
Kaiko’s report shows that investment advisors make up most of the BlackRock ETHA’s top fifteen holders, with 11 out of the top 15. However, Millennium stands out as the most prominent institutional investor.
In the context of Kaiko’s analysis, the Millenium hedge fund accounted for over 2% of the total value of BlackRock’s ETHA. All other top holders of the ETH ETF product have less than 1% of the volume in their portfolio.
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