Who's Buying Up Ethereum — and Could This Change Everything for the Market?
Hey, something interesting is happening with Ethereum. According to Matt Hougan from Bitwise, the recent price surge of ETH isn’t just another market swing. It’s something much more serious and fundamental.
Here’s the deal: since May 15, institutional investors — through ETFs and corporate treasury strategies — have bought over 2.83 million ETH. That’s 32 times more than the amount of new ETH issued over the same period. In simple terms, demand has skyrocketed while supply stayed almost flat. The result? ETH is up 50% in just a month and has gained over 150% since its April lows.
What’s important is that Hougan says this isn’t about speculation or hype. It’s real, long-term demand. Institutions are intentionally adding ETH to their portfolios — as a strategic asset.
Now compare this to what was happening before: from the launch of ETH ETFs in July 2024 until mid-May 2025, only 660,000 ETH was bought through these products — almost matching the 543,000 ETH that was newly issued. So, there was no supply-demand pressure, and the price stayed flat.
But everything flipped in May. Demand surged, and more companies started treating ETH as a treasury asset.
For example, Bitmine (BMNR) and SharpLink (SBET) have publicly disclosed that they hold Ethereum. Since mid-May, over $5 billion has flowed into spot ETH ETFs. That’s a big shift — especially when publicly traded companies begin adopting ETH the way they did with Bitcoin.
Hougan also points out that while ETH’s market cap is still about 19% lower than Bitcoin’s, ETH ETFs hold only 12% of the assets compared to BTC ETFs. So there’s room to grow — a lot of it.
Another sign? Companies holding ETH are reportedly trading at a premium to their net asset value. Historically, that suggests investor confidence — and it often leads to further accumulation of ETH.
Sure, Ethereum doesn’t have the same hard supply cap as Bitcoin, but as Hougan puts it: in the short term, it’s all about supply and demand — and demand is clearly winning.
So here’s the question: if more companies keep buying ETH and the demand from ETFs stays high, could we be watching Ethereum become the next major institutional standard?
#ETH #Ethereum $ETH #MattHougan #crypto
Here’s the deal: since May 15, institutional investors — through ETFs and corporate treasury strategies — have bought over 2.83 million ETH. That’s 32 times more than the amount of new ETH issued over the same period. In simple terms, demand has skyrocketed while supply stayed almost flat. The result? ETH is up 50% in just a month and has gained over 150% since its April lows.
What’s important is that Hougan says this isn’t about speculation or hype. It’s real, long-term demand. Institutions are intentionally adding ETH to their portfolios — as a strategic asset.
Now compare this to what was happening before: from the launch of ETH ETFs in July 2024 until mid-May 2025, only 660,000 ETH was bought through these products — almost matching the 543,000 ETH that was newly issued. So, there was no supply-demand pressure, and the price stayed flat.
But everything flipped in May. Demand surged, and more companies started treating ETH as a treasury asset.
For example, Bitmine (BMNR) and SharpLink (SBET) have publicly disclosed that they hold Ethereum. Since mid-May, over $5 billion has flowed into spot ETH ETFs. That’s a big shift — especially when publicly traded companies begin adopting ETH the way they did with Bitcoin.
Hougan also points out that while ETH’s market cap is still about 19% lower than Bitcoin’s, ETH ETFs hold only 12% of the assets compared to BTC ETFs. So there’s room to grow — a lot of it.
Another sign? Companies holding ETH are reportedly trading at a premium to their net asset value. Historically, that suggests investor confidence — and it often leads to further accumulation of ETH.
Sure, Ethereum doesn’t have the same hard supply cap as Bitcoin, but as Hougan puts it: in the short term, it’s all about supply and demand — and demand is clearly winning.
So here’s the question: if more companies keep buying ETH and the demand from ETFs stays high, could we be watching Ethereum become the next major institutional standard?
#ETH #Ethereum $ETH #MattHougan #crypto
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