TechFlow news, according to a report by Kaiko, since the launch of ETH ETF products in July this year, traditional financial institutions including hedge fund giant Millennium have begun actively positioning themselves. As outflows from Grayscale's ETHE slow down, net inflows into ETH ETFs have recently turned positive. Meanwhile, trading activity in ETH futures on the CME Group has significantly increased this week, further indicating rising investor acceptance of cryptocurrency investment products. Data shows that since July, multiple traditional financial institutions have allocated to ETH through ETF products, including large hedge funds and investment advisory firms.
The latest 13F filings reveal notable differences in institutional investor composition between Grayscale's ETHE and BlackRock's ETHA, two major ETH ETF products. Data indicates that Digital Currency Group, Grayscale’s parent company, remains the largest holder of ETHE with a holding ratio close to 5%. The Michigan State pension fund also appears on ETHE’s top 15 holders list, reflecting increasing adoption of crypto assets among traditional institutional investors.
In contrast, BlackRock’s ETHA product has attracted broader participation from traditional financial powerhouses. Millennium Management LLC, a hedge fund managing $70 billion in assets, ranks as the largest holder with approximately 2% ownership. Additionally, Susquehanna International Group and BlackRock’s own asset management division are among the top five holders. Analysts note that as traditional financial institutions continue to deepen their involvement in crypto assets, activity in the ETH futures market is expected to rise further.
