Bitwise CIO Estimates Spot Ether ETPs Will Attract Billions: 'Not a Casual Guess'

Bitwise CIO Matt Hougan has predicted that spot ether-based exchange-traded products (ETPs) will have a favorable performance in financial markets when finally trading. Hougan estimates that these products will have net flows of $15 billion during their first 18 months of trading, taking into account the size of the ether ETP market in other regions and their relative market capitalization.

Bitwise Expects Spot Ether ETPs to Register Billions in Netflows

Bitwise, a cryptocurrency-focused asset management firm, forecasts an abundance of interest in ethereum exchange-traded products (ETPs) for the first 18 months of their trading. In a memo sent to investors this week, Bitwise CEO Matt Hougan estimates that these ether-based spot investments will attract $15 billion during this period.

Hougan, who had explained why ether was an interesting asset for institutional investors before, stated: