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Benzinga

Business

Murtuza J Merchant

Ethereum ETFs, Treasury Companies Now Hold Over $32B In ETH: Here's What's Driving The Frenzy

Ethereum ETF Crypto BlackRock

Ethereum,Virtual,Currency,On,Black,Screen

Corporate treasuries and spot ETFs are rapidly consolidating their hold on Ethereum (CRYPTO: ETH), with combined on-chain and off-chain holdings now surpassing $32 billion.

Data compiled by SER shows that 64 entities, spanning publicly listed firms, exchanges, DeFi protocols, nonprofits and governments, collectively hold 2.73 million ETH in their treasuries, valued at over $10.5 billion.

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