Ethereum ETFs Amass 5% of Circulating Supply as Institutional Demand Grows

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US spot Ethereum ETFs now hold over 6.3 million ETH ($26.7 billion), accounting for 5.1% of the cryptocurrency’s circulating supply according to on-chain data.

Coinbase reports digital asset treasuries hold an additional 2% of ETH supply, demonstrating growing institutional accumulation.

The funds experienced $196.6 million in outflows Monday – their second-largest single-day withdrawal since launch – interrupting an eight-day, $3.7 billion inflow streak. Despite this, last week saw $2.85 billion in net inflows, nearly 9x the previous week’s $325.8 million.

As of early Tuesday, ETH traded at $4,239 (down 1.5%), while BTC was relatively flat at $115,299 (down 0.1%).