Bitwise CIO predicts that ETP and finance companies will purchase ETH worth $20 billion next year

According to Foresight News, Bitwise CIO Matt Hougan stated that since May 15th, over $5 billion has flowed into the Ethereum spot ETP market, and listed companies such as Bitmine and SharpLink have announced their Ethereum strategic reserves. ETPs and corporate treasury bond purchased 2.83 million ETHs, worth more than $10 billion, which is 32 times the net new supply in the same period. He predicted that ETP and finance companies will purchase ETH worth $20 billion next year, which is equivalent to 5.33 million ETH at current prices, equivalent to 7 times the net new supply during the same period.