Ethereum (ETH) has recently shown strong performance, attracting the attention of global investors. Recent data shows that institutional investors are significantly increasing their holdings of ETH, sparking intense competition in the market.



A document recently disclosed by a well-known investment firm shows that its ETH holdings have reached 1.2 million, an increase of 370,000 compared to last week's 830,000, marking a significant growth. Another firm also announced new financing of 400 million USD to increase its ETH holdings, currently holding approximately 598,800. The net asset value ratios (MNAV) of these two firms are 1.89 and 1.12, respectively, both in a phase of rapid growth.

It is worth noting that one of the institutions has explicitly stated that its goal is to hold 5% of the total ETH, which means its holdings could reach 6 million or more. Considering that the actual total supply of ETH is constantly changing, the final number could be even higher. If multiple institutions continue to compete, cryptocurrency treasuries could absorb a large portion of the ETH in the market, further increasing its scarcity.

At the same time, Ethereum ETFs have also seen record inflows, reaching $1.02 billion. Among them, two large asset management companies contributed $640 million and $270 million, respectively. This indicates that institutional investors' interest in ETH is on the rise.

In addition, some analyses indicate that the state-level cryptocurrency reserves in the United States have a baseline market capitalization requirement of $500 billion. This means that major investors may strive to maintain Ethereum's market capitalization above this level.

Market sentiment is also changing. A well-known trader who was once bearish on the market has recently changed his stance, admitting that his previous judgment was wrong, and has repurchased ETH at a higher price. This quick adjustment of strategy is seen as a true display of trading expertise.

Overall, the investment boom in Ethereum is heating up, with active participation from institutional investors and changes in market expectations bringing new possibilities for the future development of ETH.
ETH2.42%
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PonziDetectorvip
· 20h ago
eth go go go let's hit 20k
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NFTragedyvip
· 08-12 14:42
A day when the suckers cry
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SignatureVerifiervip
· 08-12 14:38
technically speaking, this institutional fomo requires further auditing...
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GateUser-62406471vip
· 08-12 14:29
Steadfast HODL💎
View OriginalReply0
SignatureAnxietyvip
· 08-12 14:25
eth bull market
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