Recent data shows that mainstream institutions' investment enthusiasm for Ethereum (ETH) is rapidly increasing. The open interest of ETH held by 70 top institutions has surpassed 6 million, accounting for 5.01% of the total Circulating Supply, with a valuation close to 25 billion USD. This phenomenon has attracted widespread market attention.

At the same time, the total reserves of 9 U.S. Ethereum ETFs have reached 6.78 million ETH, accounting for 5.6% of the Circulating Supply. Yesterday, the net inflow into U.S. ETH ETF products reached $134 million, with no outflow, highlighting institutional investors' strong confidence in ETH.

Among many institutions, BlackRock has been particularly active. In the past 24 hours, BlackRock purchased 17,440 ETH, worth approximately $72.5 million. Its ETHA product also saw a net inflow of $72.49 million in a single day. In addition, BitMine increased its holdings by 77,000 ETH last week, bringing its total holdings to 3.31 million ETH, valued at $13.8 billion. SharpLink plans to deploy $200 million worth of ETH on Linea.

Institutions choose to enter the market on a large scale at this time for three main reasons: First, the expectation for Ethereum ETF approval is rising, and the attitude of the U.S. SEC is softening. Once approved, it will provide a huge entry point for traditional funds. Second, the fundamentals of the Ethereum ecosystem are improving, with the explosion of Layer2 technology and the recovery of the DeFi sector providing support for the long-term development of ETH. Finally, institutional investors may believe that the current ETH price has investment value and expect significant upside potential in the future.

These institutional movements reflect professional investors' optimism towards Ethereum's future development. However, individual investors still need to carefully assess risks and make decisions that align with their own investment strategies. As institutions continue to increase their holdings, the market performance of ETH is worth ongoing attention.