Ethereum Institutional Holdings Rise Amidst New Crypto Venture Funding and Financial Products
Ethereum Institutional Holdings Rise Amidst New Crypto Venture Funding and Financial Products
Consensys-backed Ethereum treasury firm Sharplink has significantly expanded its Ethereum holdings to 867,798 ETH, reflecting a substantial increase in institutional ownership of its common stock. This development coincides with other significant movements in the crypto market, including ProShares' launch of a new 'stablecoin-ready' money market ETF, IQMM, which adheres to strict short-term government Treasury requirements. Furthermore, crypto investment firm DBA successfully closed its second venture fund with $68 million, indicating continued strong investor interest in blockchain infrastructure and application development.
Institutional ownership of Sharplink’s common stock has grown to 46% as of Dec. 31, according to the latest available 13F filings.
IQMM follows the GENIUS Act’s 93-day Treasury requirement, effectively narrowing reserve management to short-term government paper.
The firm has invested in infrastructure like DoubleZero and Monad, the stablecoin app Payy, and ICO capital formation platform MetaDAO.