Crypto lawyer and former Republican senatorial candidate for Massachusetts, John Deaton, has publicly lauded Ethereum (ETH) value development’s potential, tipping the altcoin for sizable short-term positive aspects. The XRP fanatic is predicting ETH to hit a $10,000 value valuation within the current market cycle, citing sturdy institutional inflows and strategic accumulation by Ethereum treasury corporations as key bullish catalysts.
Ethereum To Ride On Treasury Accumulation And ETF Inflows – Deaton
Notably, Deaton’s vote of confidence in Ethereum got here in response to an X put up by ETF analyst Nate Geraci, who highlighted a notable capital rotation development between Bitcoin and Ethereum exchange-traded funds (ETFs). According to Geraci, spot ETH ETFs recorded $340 million in inflows on Friday, contributing to $2.8 billion in internet inflows in August alone. In distinction, Bitcoin ETFs noticed $1.2 billion in outflows throughout the identical interval. Since the start of July, spot ETH ETFs have attracted $8.2 billion in inflows, in contrast with $4.8 billion for Bitcoin ETFs.
Deaton explains that these flows underscore Ethereum’s strengthening funding case, echoing commentary from Tom Lee, Chief Investment Officer at Fundstrat and Chairman of Bitmine ($BMNR), an ETH treasury firm. Lee has beforehand backed ETH’s potential for mainstream adoption, citing stablecoins’ potential to create a “ChatGPT second” as seen with generative AI, particularly following current coverage developments just like the GENUIS Act.
Spot eth ETFs w/ $340mil inflows yesterday…
So far in August:
Spot eth ETFs = $2.8bil inflows
Spot btc ETFs = $1.2bil *outflows*
Since starting of July:
Spot eth ETFs = $8.2bil inflows
Spot btc ETFs = $4.8bil inflows
Notable current shift.
— Nate Geraci (@NateGeraci) August 23, 2025
Meanwhile, John Deaton additionally famous the broader development of Ethereum treasury firms actively accumulating ETH. This contains corporations led by business figures, together with Lee (Bitmine), Joseph Lubin (Sharplink), and Andrew Keys (Ether Machine). Deaton advised that the coordinated buildup of Ethereum reserves by these firms displays a strategic wager on ETH’s central position within the evolving digital asset financial system. While acknowledging Lee’s potential bias in his “stablecoin” commentary, being a stakeholder within the ETH market, Deaton emphasised that institutional and company accumulation patterns are exhausting to disregard.
The crypto lawyer stated:
I don’t know if ETH can hit $20K or extra this cycle, like some of us are suggesting, however with continued inflows, indicated beneath, coupled with @ethereumJoseph, @AK_EtherMachine, Tom Lee, and others, accumulating ETH for ETH Treasury Companies, $10K seems to be pretty foreseeable in ETH’s future.
ETH Price Overview
At press time, Ethereum trades at $4,775 following a 1.91% achieve prior to now day. However, the altcoin maintains a inexperienced efficiency on bigger timeframes, reflecting positive aspects of seven.28% and 23.98% on its weekly and month-to-month charts, respectively. With a market cap of $576 billion, ETH continues to rank because the second largest cryptocurrency and twenty second largest asset on this planet.
Featured picture from Pexels, chart from Tradingview
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