Institutional investors have been actively increasing their holdings in major cryptocurrencies, with BitMine and BlackRock leading the accumulation in Ethereum and Bitcoin respectively. BitMine has acquired all of its Ethereum treasury over the past 34 days, recently purchasing an additional $470 million worth of Ethereum to bring its total holdings to 1.3 million ETH, which represents about 1% of the entire circulating supply. This accumulation aligns with a broader trend of strong inflows into Ethereum ETFs, which saw $2.8 billion invested last week, four times the inflows into Bitcoin ETFs. Meanwhile, BlackRock’s Bitcoin ETF now holds 749,000 BTC, valued at over $85 billion, making it one of the largest Bitcoin holders globally. BlackRock has also been accumulating Ethereum at a record pace, reportedly buying 2.5 times more Ethereum than Bitcoin. Sharplink Gaming has also increased its Ethereum treasury to approximately 728,804 ETH, worth around $3.4 billion, and has staked nearly the entire amount, earning 1,326 ETH in rewards. Despite these institutional inflows, both Bitcoin and Ethereum ETFs experienced their first net outflows since early August on August 15, totaling around $59 million for Ethereum and $73 million combined for both assets, marking a pause after a period of sustained gains.