BlackRock is the largest holder of Ethereum, with more than 4 million ETH totaling $17.6 billion, or a majority of all Ethereum held in ETFs. Grayscale is next, with approximately 1.8 million ETH in its ETHE and ETH trusts. Fidelity is in third place with approximately 778,200 ETH and Bitwise is at approximately 151,600 ETH. Other issuers, such as VanEck, Franklin Templeton, Invesco Galaxy, and 21Shares, have smaller holdings that are less than 100,000 ETH.
This trend of accumulation is in line with the growing investor demand of regulated exposure to Ethereum. SosoValue indicates that cumulative net inflows into spot Ethereum ETFs have surpassed 15 billion dollars since inception, indicating long-term institutional interest despite market volatility.