Ethereum Institutional Demand Reaches 2.8 Times Daily Issuance, Outpacing Bitcoin
Summary
- Jamie Coutts said institutional demand for Ethereum amounts to about 2.8 times its daily new issuance.
- He said institutional demand for Bitcoin is running about 23% below daily issuance.
- Coutts said ETF flows show Ethereum is clearly outperforming Bitcoin.
Forecast Trend Report by Period
Institutional demand for Ethereum is running far above new daily issuance, outpacing Bitcoin, according to Jamie Coutts, chief crypto analyst at Real Vision.
In a post on X on Aug. 10, Coutts wrote that institutional demand for Ethereum is about 2.8 times its daily new issuance.
Institutional demand for Bitcoin, by contrast, is about 23% below daily issuance. Most recent institutional inflows have come through exchange-traded funds, while buying by companies that hold cryptocurrencies as treasury assets has been relatively subdued.
ETF flows are not, by themselves, a leading indicator for prices, Coutts wrote, but the demand channel is improving. On that measure, Ethereum is clearly outperforming Bitcoin.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.