Ethereum (ETH) is steadily gaining credibility as a preferred institutional asset. The latest signal came from Yunfeng Financial Group, a Hong Kong-listed firm associated with Alibaba founder Jack Ma. Yunfeng disclosed that it had purchased 10,000 ETH, worth approximately $44 million, funded entirely from its internal reserves.
The company intends to classify ETH as an investment asset on its balance sheet, citing its role in Web3 infrastructure, tokenization of real-world assets (RWAs), and applications of artificial intelligence.
Yunfeng is now aligning itself with a growing number of firms that view Ethereum not just as a cryptocurrency, but as a strategic reserve similar to gold or foreign currency holdings. Yunfeng’s move adds to the momentum of other corporations, such as BitMine Immersion Technologies and SharpLink Gaming, which collectively hold millions of ETH, valued at nearly $19 billion.
Institutional inflows are also evident in the ETF market, where BlackRock’s Ethereum ETF alone recorded inflows of nearly $968 million in recent sessions. Despite Ethereum experiencing an 11% correction in September, the long-term outlook remains bullish, driven by over $1.2 billion in weekly strategic purchases from institutional investors.
Daily Crypto News highlights market moves, regulations, and new token launches. Analysts note that such steady inflows reduce ETH’s reliance on speculative retail activity and reinforce its role as an institutional-grade digital asset.