According to Foresight News, Bitwise CIO Matt Hougan stated that since May 15, more than $5 billion has flowed into the Ethereum spot ETP market, with listed companies like Bitmine and SharpLink announcing Ethereum strategic reserves. ETPs and corporate bonds have collectively purchased 2.83 million ETH, worth over $10 billion, which is equivalent to 32 times the net new supply during the same period.
He predicts that ETPs and financial companies will purchase $20 billion worth of ETH next year, which at the current price is equivalent to 5.33 million ETH, amounting to 7 times the net new supply during the same period.
