Bitwise CIO Predicts: ETPs and Financial Firms Will Purchase $20.00B Worth of ETH Next Year

Bitwise CIO Matt Hougan said that since May 15, the Ethereum spot ETP market has seen inflows of over $5.00B, and listed companies such as Bitmine and SharpLink have announced Ethereum strategic reserves. ETPs and corporate treasuries have collectively purchased 2.83M $ETH, worth over $10.00B, equivalent to 32 times the net new supply over the same period. He predicts that ETPs and financial companies will purchase $20.00B worth of $ETH next year, equivalent to 5.33M $ETH at current prices, equivalent to 7 times the net new supply over the same period. [Foresight News]