Ethereum ETFs Projected to Attract $10 Billion by Late 2025

Analysts are projecting significant inflows into Ethereum ETFs as the tokenization of assets continues to expand. Fundstrat’s Tom Lee supports Bitwise CIO Matt Hougan’s projection for Ethereum ETFs, with both anticipating up to $10 billion flowing into these funds during late 2025. This estimate follows $1.17 billion measured inflows during June 2024. Lee identifies Ethereum’s role in tokenized assets as a primary driver, with Ethereum currently processing $130 billion in stablecoin transactions, exceeding other blockchains. It also settles $7 billion in tokenized U.S. treasury products. Recent corporate tokenized stock initiatives further cement this utility.

Corporate adoption reinforces this trend. BitMine Technologies committed $250 million to acquire Ethereum for its treasury holdings. This aligns with broader corporate accumulation totaling 1.2 million ETH ($3.15 billion) to date. Spot Ethereum ETFs themselves gathered $4.28 billion cumulatively since their July 2024 launch. On-chain metrics reveal heightened holder conviction, with accumulation addresses now holding 23 million ETH, rising from 16 million two months prior. Realized Cap data shows network value climbed from $240 billion to $249 billion in Q2, correlating with ETH’s price increase from $1,800 to over $2,500 during that period.

Historical MVRV pricing bands suggest possible cycle peaks between $4,800 and $6,400 if past patterns repeat. However, prediction platform Polymarket currently assigns 21% probability to Ethereum reaching new all-time highs during 2025. The projected $10 billion ETF inflow represents nearly double current demand levels. The market will monitor whether this capital materializes and whether it alters skepticism about near-term price records.