Институциональные структуры накапливают Ethereum: 10% предложения уже у них Translation: Headline: Institutional Structures Accumulate Ethereum: 10% of Supply Already in Their Hands

The price of the second-largest cryptocurrency dipped below $4000 as the reserves of the asset on centralized exchanges reached their lowest level since 2016.

At the time of writing, Ethereum is trading at $4015.

The supply of Ethereum on trading platforms has been decreasing since mid-2020. Over the past two years, the available amount of the asset on exchanges has fallen by nearly 50%. The outflow of funds accelerated in mid-July when balances dropped by 20%.

According to Glassnode, there are currently 14.8 million ETH remaining on centralized platforms.

CryptoQuant confirmed the trend: the ratio of exchange reserves to the total supply of Ethereum has reached 0.14 — the lowest figure since July 2016.

A decrease in balances on centralized exchanges typically indicates that investors are moving assets to cold wallets, staking, or the DeFi sector for yield generation.

The primary reason for the outflow is the active accumulation of Ethereum by large holders and investment funds.

Since April, around 68 organizations have purchased 5.26 million ETH for approximately $21.7 billion, according to StrategicEthReserve. This accounts for 4.3% of the total asset supply. A significant portion of the coins is going into staking rather than being stored on exchanges.

Spot Ethereum ETFs in the U.S. have also attracted substantial investments. They now manage 6.75 million ETH worth nearly $28 billion (5.6% of the total issuance).

Thus, around 10% of the total supply has transitioned to institutional structures, with accumulation rates increasing in recent months. BTC Markets analyst Rachel Lucas termed the situation a «transformation of Ethereum by Wall Street.»

Against this backdrop, Ethereum has regained its status as the primary network for the USDT stablecoin, surpassing the TRON network. The market capitalization of USDT on Ethereum has reached $80 billion, according to The Block.

Preferences in infrastructure for stablecoins are shifting. Despite lower transaction fees on the TRON network, users increasingly choose the developed DeFi ecosystem and institutional Ethereum.

The daily transaction volume involving stablecoins on the blockchain of the second-largest cryptocurrency has approached 1 million. This indicates active use of USDT for payments and settlements rather than merely static storage.

Ethereum’s return to the role of the main network for USDT comes amid the integration of stablecoins by traditional financial companies. Their choice in favor of Ethereum could strengthen its position as the primary settlement layer for complex financial products. Notably, in September, SharpLink Gaming CEO Joseph Shalom stated that the ultimate goal is to transfer traditional financial structures to the blockchain.