Ethereum Fund Holdings Rebuild Faster Than Bitcoin Since July Drawdown
Tracked Ethereum balances increased by roughly 1.25 million to 1.32 million ETH, bringing the total to about 6.70 million ETH. Over the same period, Bitcoin fund balances added approximately 75,000 to 85,000 BTC, reaching between 1.31 million and 1.32 million BTC.
The figures measure the amount of cryptocurrency held by funds rather than the dollar value of those holdings.
Ethereum Fund Balances Reach About 6.70 Million ETH
The increase in Ethereum balances represents a substantial rebuild in the amount of ETH tracked across funds following the July market decline. The holdings rose by roughly 1.25 million to 1.32 million coins to reach approximately 6.70 million ETH.
The comparison focuses on underlying coin balances, rather than changes caused by movements in the market value of the assets. This distinction is important because dollar-denominated holdings can change significantly as cryptocurrency prices move, even when the number of coins held remains unchanged.
According to the figures cited by BSCN, Ethereum's increase in tracked fund balances has been more pronounced than the corresponding rise in Bitcoin holdings since the July drawdown.
Bitcoin Holdings Also Increase
Bitcoin fund balances also recorded an increase during the period. Tracked holdings rose by approximately 75,000 to 85,000 BTC, leaving total balances between 1.31 million and 1.32 million BTC.
The data therefore shows higher fund exposure to both of the two largest cryptocurrencies by market capitalization. Ethereum's larger increase in underlying coin balances does not, by itself, establish that funds have moved capital away from Bitcoin and into ETH.
Moreno DV, the CryptoQuant analyst cited in the report, emphasized that the measurements represent underlying coin balances rather than dollar values. That distinction provides a direct comparison of the quantity of BTC and ETH held by the tracked funds.
Higher Exposure to Both Assets
The simultaneous increase in holdings means the data should not automatically be interpreted as evidence of capital rotation between Bitcoin and Ethereum.
A rise in Ethereum balances alongside higher Bitcoin balances can reflect increased exposure to both assets. The figures alone do not establish whether funds reduced one position to finance another or added exposure independently.
The latest data instead provides a snapshot of how the underlying cryptocurrency balances held by tracked funds have changed since the July drawdown, with Ethereum recording the larger increase in coin terms.
For now, the reported figures place tracked Ethereum fund holdings at about 6.70 million ETH, while Bitcoin holdings stand between 1.31 million and 1.32 million BTC.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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