Ethereum captures 74% of tokenized ETF market as inflows surge over past year

Ethereum is gaining structural importance in tokenization as it now represents roughly 74% of the tokenized ETF market, with on-chain market cap near $438 million. The article says inflows have been driven largely by Ondo Finance, whose Global Markets platform tokenizes ETFs and stocks, including a tokenized version of BlackRock’s iShares Core S&P 500 ETF, IVVon. BlackRock and Franklin Templeton partnerships reinforce Ethereum’s role as the preferred settlement layer for bringing traditional funds on-chain. The piece argues this could create additional demand for ETH through gas fees tied to minting, transfers, and redemptions, while also noting the market remains concentrated and faces regulatory uncertainty. A second item highlights Injective’s Form TA-1 filing with the SEC to register as a transfer agent, which could make on-chain securities records legally enforceable if approved. Together, the developments underscore growing institutional adoption of blockchain-based financial infrastructure and a more favorable long-term tokenization outlook for ETH.