The sudden surge in investor interest in ethereum, driven by recently adopted regulations in the U.S., has analysts estimating the extent of this trend and its implications for the price of ETH. Matt Hougan, CIO of Bitwise, believes that this newfound institutional interest has the potential to increase demand for ether and keep the good momentum for the asset this year and beyond.

Hougan states that, while bitcoin had been facing increased demand from companies like Michael Saylor’s Strategy and Exchange Traded Products (ETPs) since January, purchasing over 1.5 million BTC since January 2024, ethereum had not benefited from similar actions until now.

Nonetheless, this changed in May, when ethereum ETPs and the new trend of Ethereum Treasury Companies started showing interest, syphoning over $5 billion worth of ETH from the market.

Hougan declared:

ETPs and Corporate Treasuries have combined to buy 2.83 million ETH since May 15—more than $10 billion at today’s prices. That’s 32x net new supply over the same time period.

He predicts that his trend will persist, as investors are significantly underweight when comparing ether vs. bitcoin, and the surging trend of tokenization and stablecoins can also push this rally forward.

“Looking out, I can imagine ETPs and Treasury Companies buying $20 billion of ETH in the next year, or 5.33 million ETH at today’s prices,” Hougan assessed. If fulfilled, this prediction might bring what he called a “demand shock” to the ether markets, as the network would only produce 0.80 million ETH during the same period, with demand outpacing production 7 to 1.

“In the short term, the price of everything is set by supply and demand. And for the time being, there is significantly more demand for ETH than there is new supply,” he concluded.

Read more: ETH Tsunami Incoming: Firms Quietly Amass Mountains of Ethereum

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。