Market Trend Analysis
According to Bloomberg ETF analyst James Seyffart, institutional investors significantly reduced their Ethereum spot ETF holdings in Q4 2025. The main reason was the collapse in basis trade returns, prompting hedge funds to sell aggressively.
Counter-Trend Buyers Emerge
Contrary to the market trend, traditional and long-term funds chose to increase positions this quarter. The Harvard Endowment became the top new buyer, signaling confidence in Ethereum's long-term value.
Market Outlook
- Ethereum ETF position changes reflect short-term market volatility.
- Institutional strategies diverge as long-term investors remain optimistic.
- Harvard's move could influence future investment trends.