Ethereum ($ETH) has reached a new milestone in institutional and ETF holdings, with a combined total of 12.74 million ETH as of November 9, 2025. Treasury strategy entities now hold 6.14 million ETH, or 5.07% of the total supply, while Ethereum ETFs account for 6.60 million ETH, representing 5.46% of the supply. This surge in accumulation, reported by CoinRank and SER.xyz, underscores growing institutional confidence in Ethereum. The increase in holdings is attributed to over 70 active participants, including blockchain foundations and corporate treasuries, with notable contributions from the Optimism Foundation and Bitmine Immersion Tech. This trend is seen as a positive indicator for Ethereum's long-term price outlook, as it reduces the free circulation of ETH in the market.