According to Foresight News, Bitwise CIO Matt Hougan stated that since May 15, over $5 billion has flowed into the Ethereum spot ETP market, with publicly listed companies such as Bitmine and SharpLink announcing Ethereum strategic reserves. ETPs and corporate bonds together purchased 2.83 million ETH, worth over $10 billion, 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 current prices amounts to 5.33 million ETH, equivalent to 7 times the net new supply during the same period.
