Investment Advisors $1.35B ETH ETF Bet Dey Boost Hope for Q3 Rally
Investment advisors don boost their ETH ETF exposure to $1.35 billion for Q2, pass hedge funds wey hold $687 million, Bloomberg talk. Goldman Sachs dey lead with $721 million for spot ETH ETFs, followed by Jane Street and Millennium Management. Since July, spot ETH ETFs don bring in $9.12 billion net inflows for Q3 — $5.43 billion for July and $3.69 billion for August — weh e push ETH reach all-time high of $4.95k. Standard Chartered don raise im 2025 ETH price target from $4k to $7.5k, while Deribit options give 37% chance say ETH go hit $5k for September, up from 6.5% for August. Even though e get better momentum, Google upcoming GCUL blockchain fit be long-term threat to ETH market share, on-chain analyst James Checkmate warn. For now, strong ETF inflows and growing corporate treasury demand dey support better outlook for ETH ETF performance for Q3, before new competition risks show face.
Bullish
Di $1.35 billion ETH ETF wey from investment advisors come in dey signal say institutional confidence dey grow, and na key bullish indicator dis be. Historically, big advisor allocations for spot ETFs don always come before price surge, like e happen for Q1 2023 wey similar inflows carry ETH from $1,200 go $1,800. The record Q3 net inflows plus Standard Chartered upgrade to $7.5k 2025 target still dey reinforce the positive vibe. Deribit option odds show say e get 37% chance to hit $5k for September, wey dey emphasize trader optimism. Short term, ETF-driven demand suppose push ETH above $5k; long term, Google GCUL blockchain competition fit be risk but e no go likely stop the current momentum. Overall, ETF adoption and corporate treasury demand mean say ETH market go dey bullish for Q3.