Well, dearies, hold onto your monocles because the esteemed chief investment officer of Bitwise—Matt Hougan, darling—has rather audaciously proclaimed that Ethereum is set to experience a splendid rise in coming months. Why, you ask? Apparently, the demand for our dear ETH is positively bulging! 😏
In a delightful escapade on the social media stage, known as X (how quaint), our good chap Hougan—ever the optimist—declares that the second-most glamorous digital asset will continue its meteoric rise, thanks to the throngs clamoring for it like it’s the last drink at a soirée.
“ETH is on a tear! After languishing downward for a grievous four months, it has decided to make an entrance worthy of a grand ball. Up over 50% in but a month and a staggering 150% since its rather dismal lows in April! The culprit? A veritable army of ETPs (that’s Exchange-Traded Products for the uninitiated) and corporate treasuries, of course.” 🍾
According to Hougan, post-May, institutional interest in the curly-haired gem called ETH has shot up like champagne corks on New Year’s Eve, sending its price into the stratosphere after a rather unimpressive debut of its ETPs.
“Our ETH ETPs made their elegant bow in July 2024, but reception, darling, was positively lukewarm… Then, just like that, mid-May brought forth a splendid change. Since the 15th, spot Ethereum ETPs have been on a rampage, reeling in over $5 billion faster than a cat at a laser pointer.” 🐱💨
“By our conservative estimates, these ETPs and Treasury cossacks have snatched up 2.83 million ETH since mid-May—over $10 billion at today’s flamboyant prices. That’s 32 times the net new supply! Is it any wonder we’re seeing ETH prices practically flying?”
Ever the grand seer, Hougan posits that blue-chip investors—oh, the posh lot—will continue to elevate their stakes in these charming altcoins, resulting in nothing short of a price ascension for the foreseeable future.
“The real inquiry should be: Will this continue? My hunch is a resounding ‘yes…’” 🍸
“With the resplendent interest in stablecoins and tokenization, we foresee a splendid influx of ETH ETPs frolicking in for quite some time. Moreover, all signs suggest the delightful trend of ‘ETH treasury companies’ will hasten their dance…”
“Looking ahead, I envision ETPs and Treasury Companies purchasing a jaw-dropping $20 billion worth of ETH in the coming year, amounting to a delightful 5.33 million ETH at today’s rather extravagant prices. Meanwhile, the network is sipped at producing approximately 0.80 million ETH in the same timeframe. That’s about 7 times the demand compared to the supply, darling! Truly a thrilling conundrum!”
At this static moment, darling ETH is frolicking at $3,635—a small 3.2% dip today. Ah, the volatility! Just like my last relationship! 💔
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2025-07-25 23:02