Ethereum-linked exchange-traded funds have amassed more than $30 billion in assets under management, giving institutional vehicles exposure to almost a tenth of the cryptocurrency’s circulating supply, according to data cited by Cointelegraph and other market monitors. The funds attracted about $1.83 billion of net subscriptions over the past five days—roughly ten times the $171 million that flowed into comparable Bitcoin products. Bitcoin ETF holdings, by contrast, have fallen $813.9 million from their peak, the largest pullback since April. When reserves held by publicly listed companies are included, institutional wallets now control more than $51 billion of ether, equal to roughly 9–10 percent of total supply. Regulatory filings show those entities added more than 388,000 ETH during the second quarter. The buying spree has pushed the ETH/BTC rate 130 percent above its April low. Analysts at Sevens Report note that similar periods of ether outperformance have historically preceded equity-market rallies. Open interest in ether futures on the CME is climbing as investors employ cash-and-carry strategies that pair spot purchases with short futures positions to lock in yield. The rotation toward ether comes against a softer backdrop for digital-asset investment products overall. Crypto funds recorded $1.4 billion of net outflows last week, driven by $1.0 billion in redemptions from Bitcoin vehicles and $440 million from Ethereum products.