Bitwise "Institutional investors skip Bitcoin and head straight to Ethereum"
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Summary
- Matt Hogan, Bitwise CIO, said institutional investors are skipping Bitcoin and going all-in on Ethereum.
- Ethereum ETFs have seen $4 billion of inflows over the past month, while Bitcoin ETFs experienced outflows during the same period.
- He explained that institutions favor Ethereum for reasons such as tokenized securities, the growth potential of stablecoins, and cash-flow models, and that buying pressure for Ethereum is likely to continue.
Matt Hogan, Bitwise Chief Investment Officer (CIO), said on the 28th (local time), "Institutional investors are skipping Bitcoin (BTC) altogether and going all-in on Ethereum (ETH)."
CIO Hogan appeared on the podcast 'The Wolf of All Streets' and explained, "Ethereum ETFs have attracted $4 billion over the past month, recording an annualized inflow of $50 billion," adding, "during the same period Bitcoin ETFs experienced outflows, so virtually all new money is flowing into Ethereum."
He said, "Recently Ethereum ETFs have recorded 10 times more inflows than Bitcoin ETFs," and, "institutional investors do not like Bitcoin, and cases of them investing entirely in Ethereum ETFs are increasing."
He added, "Institutions prefer Ethereum for reasons such as ▲tokenized securities ▲the growth potential of stablecoins ▲cash-flow (revenue-generating) models — that is, it better fits institutional investors' investment frameworks," and "the sustained buying pressure for Ethereum will continue going forward."
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