ETHE - Ethereum ETFs Poised For $15B Influx In First 18 Months Says Bitwise CIO Matt Hougan | Benzinga
The long-awaited arrival of spot Ethereum exchange-traded products (ETPs) could trigger a significant inflow of capital, according to Matt Hougan, Chief Investment Officer at Bitwise Asset Management.
What Happened: In a blog, Hougan argues that spot Ethereum ETPs are likely to attract $15 billion in net inflows within their first 18 months.
Hougan’s forecast is based on a comparative analysis of the market capitalizations of Bitcoin and Ethereum.
“Absent any other information, I'd expect investors to allocate to Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETPs roughly in proportion to their market capitalizations,” he explained.
Bitcoin currently holds a market cap of $1.266 trillion, accounting for 74% of the combined market, while Ethereum's market cap stands at $432 billion, making up 26% of the total.
In the U.S., investors have about $56 billion invested in spot Bitcoin ETPs, a figure Hougan expects to grow to $100 billion by the end of 2025. ...