Under growing institutional attention and fresh regulatory clarity, Ethereum exchange-traded funds could be on the verge of a major capital wave—potentially drawing in up to $10 billion in the second half of 2025, according to Bitwise CIO Matt Hougan.
After a solid performance in the first half of the year, Hougan believes the next phase for Ethereum ETFs will be defined by acceleration. June alone saw over $1.1 billion in net inflows, pushing the six-month total to around $1.5 billion, even with a short-lived pullback in March. The consistent capital movement into Ethereum-based funds is signaling growing confidence in the asset’s evolving narrative.
What’s behind this confidence? For Hougan, it’s Ethereum’s increasing utility as a base layer for tokenized assets—particularly stablecoins and tokenized equities. The simplicity of Ethereum as a “platform for the future of finance” is making it easier for legacy investors to buy in, both literally and ideologically.
A wave of developments is also setting the stage for growth. The expected launch of Ethereum ETFs with staking features could be a turning point. With the SEC’s recent statement clarifying that staking isn’t inherently a securities offering, analysts say the door is now wide open for new Ethereum products that offer yield on top of price exposure.
Meanwhile, the Ethereum network itself is evolving. Upcoming protocol upgrades like Pectra and Glamsterdam are designed to enhance scalability and efficiency—improvements that not only boost Ethereum’s utility but may also reinforce long-term investor confidence.
Ethereum’s position in the tokenized finance sector is being strengthened by major players like BlackRock and Robinhood, who are actively integrating with the blockchain. With all these elements aligning, Hougan’s $10 billion prediction no longer sounds far-fetched—it sounds like the market’s next logical move.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/ethereum-set-to-lead-crypto-etf-expansion-in-second-half-of-2025/