Ethereum: Companies and Spot ETFs Control ~8% of Supply — Potential Short-Term Hype
I noticed a Decrypt report highlighting that companies holding strategic Ethereum reserves and spot ETFs together own nearly 8% of the total Ethereum supply. According to the report, corporate strategic reserves account for about 3.49 million ETH, while spot ETFs hold roughly 6.15 million ETH, combining to represent 7.98% of the supply.
I believe some analysts view Ethereum as having a richer ecosystem and greater technical utility than Bitcoin, which supports institutional interest. At the same time, I see comparisons being made between the current phase and the 2017 ICO boom, and I think the trend of altcoin-centric strategic reserves could prove to be a temporary market fad.
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