Bitwise Sees Potential for Historic Ethereum Price Surge Amid Growing Institutional Demand

Key Points

1. Ethereum's price has surged by more than 50% in the past month, fueled by institutional buying that exceeds its net issuance.

2. Spot Ethereum ETPs have attracted over $5 billion since mid-May, with combined purchases by ETPs and corporate treasuries totaling approximately 2.83 million ETH, valued at over $10 billion.

3. Ethereum's market capitalization is approximately $449.8 billion, less than 19% of Bitcoin's $2.3 trillion valuation, indicating potential undervaluation.

4. Bitwise projects that Ethereum ETFs could dominate the second half of 2025, with inflows potentially reaching $10 billion in that period alone.

5. A potential demand-to-supply ratio of nearly 7:1 is anticipated, with firms possibly acquiring up to $20 billion worth of Ethereum over the next 12 months against an anticipated net issuance of approximately 800,000 ETH tokens.