- Fundstrat’s Tom Lee agrees with $10B Ethereum ETF inflow forecast for late 2025, following $1.17B June inflows showing demand.
- Ethereum processes $130B in stablecoins and $7B in tokenized treasuries, establishing its tokenized asset settlement layer dominance.
Fundstrat’s Tom Lee supports Bitwise CIO Matt Hougan’s projection for Ethereum ETFs. Both anticipate up to $10 billion flowing into these funds during late 2025. This estimate follows $1.17 billion measured inflows during June 2024.
Great point @Matt_Hougan ‼️
Stablecoins, the “chatGPT” of crypto, basically are USD tokenized
– @RobinhoodApp leading push to tokenize equities and other assets
– vast majority of “real world assets” are on the ethereum blockchain
Positive for $ETH@ethereumJoseph… https://t.co/wmYRpl3azs pic.twitter.com/WJnPyTDdWA
— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) July 2, 2025
Lee identifies Ethereum’s role in tokenized assets as a primary driver. Ethereum currently processes $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
Accumulation addresses now hold 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. ETHNews will monitor whether this capital materializes and whether it alters skepticism about near-term price records.
Ethereum (ETH) is trading at $2,575.38 USDT, registering a significant +7.08% daily gain, making it one of the top-performing large-cap assets today. The weekly performance stands at +5.17%, while the monthly gain is a modest +1.41%.
However, Ethereum remains down −22.85% year-to-date, and −25.19% over the past 12 months, reflecting the broader mid-cycle correction in Layer 1s before the current rally.
Technically, ETH has broken through the critical resistance zone around $2,500, triggering a short squeeze and validating the reversal from its local bottom near $2,100. Current structure shows ETH is trading within a rising wedge, supported by volume expansion and favorable RSI divergence.
If momentum sustains, the next target is $2,700–$2,800, with major resistance near $2,950–$3,000. Key support now sits at $2,440, and failure to hold would risk a retest of $2,300.
