Bitwise: "Institutional Investors Are Jumping from Bitcoin and Investing in This Altcoin! The Rise Will Continue!"

Recently, the intense institutional demand for Bitcoin has shifted to ￰0￱ the number of institutions holding, staking, and purchasing Ethereum treasury strategies increases rapidly, the price of ETH is predicted to reach double-digit ￰1￱ this point, Bitwise Chief Investment Officer (CIO) Matt Hougan evaluated the growing demand in ￰2￱ on The Wolf of All Streets podcast, Bitwise’s CIO said that institutional investors are completely skipping Bitcoin and moving towards ￰3￱ that Ethereum is the latest trend in the market, Matt Hougan stated that ETH has attracted major institutional interest and is forcing investors to forget about Bitcoin for ￰4￱ that this change also affected ETFs, Hougan said that Etheruem ETFs witnessed a huge increase, recording 10 times more flow than Bitcoin ETFs.

“Ethereum ETFs attracted $4 billion in investment last month and have recorded annual inflows of $50 ￰5￱ the same period, Bitcoin ETFs experienced outflows. So, almost all the new money is flowing into ￰6￱ investors are skipping Bitcoin entirely and moving entirely into ETH.” Bitwise CIO Hougan explained the reasons why institutional investors prefer Ethereum and listed them as follows: “1- ETH's tokenization story, 2- the growth potential of stablecoins and 3- they prefer ETH because of its cash flow (income-generating) model.” Finally, Hougan added that the constant buying pressure on Ethereum will continue from now on. *This is not investment ￰7￱ Reading: Bitwise: "Institutional Investors Are Jumping from Bitcoin and Investing in This Altcoin!

The Rise Will Continue!"