Recent data shows that reserve entities and Spot ETFs in the Ethereum ecosystem are gradually increasing their influence. According to statistics from reliable sources, these institutions currently hold a total of more than 9% of the current total supply of Ether, specifically 9.2%.

This figure is composed of two main aspects: first, about 70 institutions identified as Ethereum reserve entities collectively hold 3.6% of ETH, with a market value of approximately $19.96 billion. Second, various Ethereum Spot ETF products control 5.6% of ETH, with a corresponding market value of as high as $30.99 billion.

This trend reflects that institutional investors' confidence in Ethereum is continuously strengthening. As these large institutions continue to accumulate ETH, it may have a profound impact on market liquidity and price trends. At the same time, this also highlights Ethereum's important position in the cryptocurrency ecosystem and its appeal as an investment target.

However, the centralization of ETH supply has also sparked discussions about the nature of decentralization. Some observers believe that large institutions holding such a significant proportion of ETH could impact the level of decentralization of the network. In the future, the Ethereum community may need to balance the liquidity and stability brought by institutional participation with the core value of maintaining network decentralization.

As the Ethereum ecosystem continues to evolve, we will keep an eye on the evolution of this trend and its potential impact on the entire cryptocurrency market.