Every month, we’re diving deep into how institutions are interacting with Ethereum, what’s happening onchain, which firms are adopting the technology, and more.
This is a new endeavor, so we’re all ears for making it even better. If you’d like to see any specific stats, updates or information, let us know at [email protected].
The Monthly Update on Ethereum Metrics
Ethereum price: $3,098 (+4.2%)
Ethereum market cap: $374B (+3.8%)
Monthly Ethereum ETF netflow: +$584.91M (+194.8%)
Ethereum staked: $112B
Stablecoin TVL (across Ethereum & L2s): $187B (-2.7%)
Ethereum RWAs total value (across Ethereum & L2s): $17.6B (+8.4%)
The metrics are accurate at the time of publication and the percentage changes are month-over-month.
3 Key Institutional Adoption Points
BitMine, the largest ETH treasury company, now holds more than 4.17 million tokens, worth approximately $13.91 billion, with 1.25 million staked as of January 12. This increase in the firm’s assets under management and amount staked show its confidence in Ethereum as an investment vehicle and network infrastructure.
Treasury firm SharpLink has deployed $170M worth of ETH to Linea’s yield platform allowing it to earn staking rewards, as well as increased returns via restaking and protocol incentives.
Morgan Stanley filed a Form S-1 with the U.S. SEC on January 6 to list a spot Ethereum ETF, less than a day after the bank filed for a Bitcoin and Solana ETF. While this would not be the first spot Ethereum ETF, Morgan Stanley’s involvement signals a shift in investor confidence around the cryptocurrency.
A Big Move We’re Watching: JP Morgan’s Tokenized Money Market Fund
J.P. Morgan Asset Management has launched a tokenized money market fund, My OnChain Net Yield Fund (MONY), built on the Ethereum blockchain. The bank is also committing $100 million of its own capital to Ethereum-based systems.
Deploying capital is a meaningful step, as large banks have to make sure the underlying infrastructure has passed internal risk, compliance and regulatory review. In this case, J.P. Morgan is indicating that Ethereum is stable enough to support real financial activity.
The decision is notable because J.P. Morgan is using a public blockchain rather than a private or internal system. Public networks allow multiple institutions to operate on the same shared infrastructure, reducing the need for custom integrations and ongoing reconciliation between parties. Over time, this can lower costs and simplify how assets move across the financial system.
Overall, J.P. Morgan’s involvement signals where institutional adoption is heading. As one of the largest financial institutions, its participation reinforces the view that tokenized real-world assets (RWAs) are moving to broader deployment.
“Tokenized RWAs are up and to the right with no signs of slowing down, and the biggest bank getting involved is the most meaningful institutional update we’ve seen in a long time,” said Jason Chaskin, app relations and research lead at the Ethereum Foundation, to Token Relations.
Other Major Ethereum Developments
Ethereum ETFs aggregated assets under management are up 13% in January, to $20.42 billion, from $17.95 billion a month earlier
Johann Kerbrat, head of crypto at Robinhood, explained the trading app chose to build a tokenized stock-focused blockchain on top of Ethereum
Lido, the second largest protocol ever by TVL with $29.84B, launched Northstake, a platform designed to let institutions stake Ethereum across multiple vaults
Kevin Lepsoe, founder of ETHGas, spoke on the Talking Tokens podcast about how slicing blockspace into milliseconds unlocks a new operating model for Ethereum
Vivek Raman, co-founder and CEO of Etherealize, an Ethereum-focused product and infrastructure company, spoke with Cointelegraph about the adoption of stablecoins and tokenized assets, and how Ethereum’s revenue works in regards with L2s
This is the Institutional Ethereum Update: January Edition.
This product was built by Token Relations.
This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.
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