According to Strategic ETH Reserve data, spot Ethereum exchange-traded funds (ETFs) and Digital Asset Treasury Companies (DATCOs) now control more than 12.5 million ETH, or roughly 10% of the token’s circulating supply.
This marks a dramatic expansion from April, when these institutions collectively held about 4 million ETH, representing less than 3% of the total supply.
The rise reflects how institutional capital has increasingly turned to Ethereum exposure through regulated ETFs and on-chain treasury allocation amid the growth of the network fundamentals in tokenized assets and stablecoins.
The strong accumulation trend aligns with surging investor interest in regulated Ethereum exposure.
Meanwhile, Ethereum-focused Digital Asset Treasury Companies (DATCOs) collectively hold 5.66 million ETH, equivalent to 4.68% of the circulating supply and valued at $25.19 billion.
July and August marked the peak of these treasury expansion moves, as several firms joined the acquisition wave. Although momentum has since cooled, leading holders continue to expand their stakes.
Bitcoin advocate Samson Mow claimed that these retail traders have about $6 billion in chasing the next “Strategy play.”
