Ethereum Institutional, an organization aimed at promoting the institutional adoption of the leading altcoin, has successfully completed its initial funding round. This round saw participation from over 100 investors, including notable names such as BitMine, SharpLink, 21Shares, Circle, Galaxy, and Bitwise, along with Ethereum co-founders Joseph Lubin and Mihai Alisie. The exact amount raised has not been disclosed. All proceeds will be utilized to enhance collaboration with banks, asset managers, custodians, and sovereign institutions that are looking to develop their offerings within the Ethereum ecosystem.