Ethereum adoption is soaring, with significant inflows from institutions, ETF products, and Web3-native companies. The top 10 largest ETH holders collectively control around 83.9 million ETH, valued at over $285 billion. Publicly listed companies are rapidly accumulating ETH, reflecting the Bitcoin treasury trend with a focus on staking and DeFi.

Ethereum has evolved into a global financial infrastructure asset as the network transitions post-Merge. ETH has become a cornerstone of on-chain finance and a strategic treasury asset. Ethereum’s trajectory for the rest of 2025 could be influenced by key regulatory decisions, particularly the SEC’s stance on staking within ETFs.

The top 10 Ethereum holders collectively control approximately 83.9 million ETH, accounting for roughly 70% of the circulating supply worth over $300 billion. Including staking contracts and large custodial pools, these holdings could account for up to 52% of Ethereum’s total supply, valued at approximately $120 billion.

The Ethereum Beacon Deposit Contract, a smart contract, holds over 36 million ETH, 36% of the total supply, worth roughly $299.5 billion. Coinbase, as the largest publicly traded crypto exchange in the U.S., holds around 6.9 million ETH, valued at $23.5 billion, positioning itself as Ethereum’s gateway for mainstream finance.

Ethereum ETF inflows have surpassed Bitcoin on several trading days, with Ethereum becoming a popular institutional darling. BlackRock’s iShares Ethereum Trust holds the top spot among Ethereum ETFs with $14.30 billion in net assets. Grayscale’s Ethereum Trust remains a major holder despite experiencing outflows.

Read more at Yahoo Finance: Top 10 Biggest Holders of Ethereum and the Billions They Are Worth