Institutional investors appear to be maintaining exposure to Ethereum despite a sharp decline in its market price, according to analysis shared by asset manager Bitwise Europe.
The firm said Ethereum has fallen about 58% from its all-time high reached in August 2025 amid macro pressures, geopolitical tensions and profit-taking by early Bitcoin holders.
“Despite the price decline, institutional positioning appears resilient,”
Bitwise said in commentary published on social media platform X.
Bitwise noted that cumulative Ethereum exchange-traded product holdings remain only about 10% below peak levels, suggesting institutional capital has largely stayed invested despite recent losses.
The firm also pointed to continued accumulation by digital asset treasury companies, with monthly purchases exceeding new Ether supply since the second half of 2025.
Institutional investors have increasingly used exchange-traded products to gain exposure to Ethereum without directly holding the cryptocurrency.
Bitwise added that network fundamentals remain strong, with the share of Ether staked reaching a record 30.76% as validator participation continues to increase.
At the time of reporting, Ethereum price was $2,026.88.