According to a new report launched by Galaxy Research, corporate treasuries are now managing digital assets totaling over $100 billion. This is an indication of increased institutional involvement in the crypto market, especially in Bitcoin and Ether purchases.
is the most-held Bitcoin-based asset, with businesses possessing over 791,000 BTC, equaling an estimate of nearly $93 billion. These holdings comprise almost 4% of the circulating Bitcoin. Ether has even become a subject of increasing attention, as the corporate treasuries have begun to gain possession of about 1.3 million ETH worth more than $4 billion.
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In addition to direct treasury holdings, is gaining traction through spot exchange-traded funds (ETFs), which have seen 19 straight days of net inflows. Since July 3, ETH ETFs have accumulated $5.3 billion in assets. This buying trend, combined with treasury strategies that include staking, has positioned Ether as an emerging institutional asset class.
According to analysts at , institutional investors will eventually own as much as 10% of all ETH in circulation. They cite flexibility in staking and adaptation of Ether into the financial systems within corporations as among the key factors that have led to such adoption. Ether is trading at a price slightly lower than the highest ever, but still at a range boosted by increasing demand both in ETFs and strategic corporate purchases.
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