New 13F filings show major financial institutions sharply increased positions in BitMine, a public company widely known as the largest corporate holder of Ethereum.
Morgan Stanley now holds 12.2M shares (+26%), ARK 9.5M (+27%), BlackRock 9M (+166%), and Goldman Sachs 5.2M (+588%). Vanguard, Bank of America, Schwab, RBC, Citi and BNY Mellon also expanded exposure.
In total, 457 institutional holders now control about 136.7M BitMine shares (~$2.86B).
This suggests institutions are increasingly accessing ETH exposure via equity structures rather than direct custody — similar to how MicroStrategy functions as a BTC proxy.
Full breakdown:
https://btcusa.com/wall-street-giants-boost-bitmine-holdings-as-institutional-ethereum-exposure-expands/
Curious how people here see this trend — does equity-based ETH exposure accelerate or delay direct institutional ETH ownership?
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