What’s up, my crypto folks! Get comfortable because I have news that could change the game for Ethereum (ETH)! 🤯 The very Director of Investments at Bitwise, Matt Hougan, dropped a bomb: spot ETH ETFs in the U.S. could attract a whopping $10 billion in the second half of this year! Yes, you heard it right, $10 billion! That’s a lot of money! 🤑
And he’s not the only one who thinks so, FundStrat's CIO, Tom Lee, joined the party and said that yes, Ethereum is the main platform for tokenized assets, such as stablecoins and on-chain stocks! A serious matter!
The catalysts that could trigger ETH! 🔥
Now, why are these finance bigwigs so sure that a party is coming for ETH? Well, there are two key reasons:
Ethereum is the king of stablecoins: Currently, ETH handles $130 billion in the stablecoin market! He’s the one calling the shots! And with the stablecoin market expecting to reach $3 trillion, just imagine the number of transactions and fees that will move on the Ethereum network! Pure money, my people! 💵
Tokenized stocks and bonds on the attack! 📈 Ethereum is also the leader in the tokenized U.S. Treasury bond subsector, which is already valued at $7 billion. And with the new trend of on-chain stocks, Ethereum is positioning itself as the main settlement platform for all of this! The first mover gets the advantage!
In fact, Tom Lee is so convinced of this that he revealed that BitMine Technologies has a strategic plan of $250 million in ETH to capitalize on this growth. This adds to the growing trend of treasuries that have already accumulated 1.2 million ETH, valued at $3.15 billion! There’s a lot of money moving behind the scenes!
ETFs are already pouring money in, but more is needed for the big leap! 💰
Since ETH ETFs launched in July 2024, they have already attracted $4.28 billion in accumulated inflows. Just last month, $1.17 billion came in! If those $10 billion they forecast really come in, it would be almost double what has come in so far! Just imagine the positive impact that would have on the price of ETH! Up like a rocket! 🚀
Realized Cap data shows that the total capital invested in ETH recovered in the second quarter, rising from $240 billion to $249 billion. This caused the value of ETH to rise from $1.8 billion to over $2.5 billion. If inflows remain this strong in the second half of the year, the price of ETH could soar even higher! Fingers crossed! 🙏
Moreover, those accumulating ETH are more convinced than ever: the balance in the hands of accumulation addresses has risen from 16 million to a historic record of 23 million ETH in the last two months. That’s pure confidence in the future of Ethereum!
New all-time high in sight or pure speculation? 🤔
But as with all good gossip, there’s always a counterpoint. Although the outlook is super bullish, speculators have their doubts about whether ETH can reach a new all-time high (ATH) this year. According to the prediction site Polymarket, the probability of an ATH in 2025 is only 21%. Lower than the temperature in the North Pole! 🥶
However, if we look at the MVRV price bands, the story is different. If the trend of previous cycles repeats (as in 2017 and 2021), ETH could reach $4,800 or even $6,400 in this cycle. Those numbers are really exciting! So the coin is in the air, my people!
What do you think? Will we see ETH soar to the clouds or will it miss out? Let me know your comments and stay connected so you don’t miss a detail of this exciting crypto journey!$ETH
