Lido says $25B in institutional capital entered staking in 2025
- —Institutional staking inflows reached about $25B in 2025
- —Bitmine accounted for roughly 55% of the institutional inflow
- —About 80% of the money routes through US custodians
- —Lido controls around 22% of all staked ETH
Why it matters: Validator concentration at custodians poses a neutrality risk for Ethereum, and Lido is pitching distributed staking as the fix.
Source: Bloomingbit