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
- Bitcoin’s Price Surges Fade as Institutional Influence Rises2025-07-27 22:56:29
- Cryptocurrency Market Heats Up with Exciting Predictions for PENGU and SUI Coins2025-07-27 19:56:48
- Master Cryptocurrency Trading with CryptoAppsy’s Innovative Features2025-07-27 19:07:22
- Trump Boosts Economic Prospects with New US-EU Trade Deal2025-07-27 18:04:55
- Bitcoin Shakes the Crypto World with a Massive Multibillion-Dollar Transaction2025-07-27 17:29:12