Ethereum’s Meteoric Rise Sparks Institutional Interest
Main Idea
Bitwise’s Director of Investments predicts continued growth for Ethereum, driven by strong demand from ETFs and corporate treasuries, with potential supply-demand imbalance favoring price increases.
Key Points
1. Matt Hougan forecasts Ethereum's price growth, noting a dip in early 2024 but strong recovery driven by institutional interest.
2. Spot Ethereum ETFs launched in July 2024 saw over $5 billion inflows since mid-May, indicating rising demand.
3. ETFs and corporate treasuries have acquired 2.83 million ETH (over $10 billion) since May 15, with projections of $20 billion (5.33 million ETH) in the next year.
4. Ethereum's supply is expected to be around 0.80 million ETH in the same period, creating a potential demand-supply gap of seven times.
5. At the time of writing, Ethereum was trading at $3,705, with a slight 1% loss, but long-term outlook remains positive due to institutional inflows.
Description
Matt Hougan forecasts Ethereum's continued growth due to rising institutional demand. Since May, significant interest has driven Ethereum ETFs to attain record inflows. Continue Reading: Ethereum’s Meteoric Rise Sparks Institutional Interest The post Ethereum’s Meteoric Rise Sparks Institutional Interest appeared first on COINTURK NEWS .
Latest News
- XRP Prices Surge as Whales Make Massive Moves2025-07-26 11:15:44
- Crypto Traders Navigate Volatile BONK Market with Strategic Moves2025-07-26 10:38:25
- Coinbase Expands Trading Options with New Solana-Based Altcoins2025-07-26 09:14:40
- Sharplink Gaming Makes Bold Moves with Massive Ethereum Purchase2025-07-26 08:24:00
- Ripple and Solana Seize Market Momentum Despite Recent Volatility2025-07-26 07:23:40