Bitwise CIO
@Matt_Hougan : “Professional investors are skipping Bitcoin entirely and going all in on ETH”
Here’s what he said:
-
$ETH ETFs are seeing 10X the inflows of
$BTC ETFs
- ETH ETFs pulled in $4B this month alone, that’s $50B annualized
- Since August, ETH had infinitely more inflows because BTC had outflows
- People are skipping Bitcoin entirely and going all in on ETH
- Professional investors like the tokenization story, the stablecoin story, the cashflow story of ETH
- Ethereum fits a professional investor framework
- "I spoke with a multibillion dollar advisor, they didn’t love Bitcoin, but decided to go all in on ETH ETFs”
- The relentless bid for ETH will continue indefinitely
The flippening isn’t coming
It’s here 🐬