Bitwise: RWA tokenization will be the main driving force for Ethereum's recovery in 2025

On December 18, Juan Leon, senior investment strategist at Bitwise, released his latest weekly report, pointing out that Ethereum will see a strong rebound in 2025, with the biggest driving force coming from the tokenization of physical assets (RWA). Data shows that Ethereum currently dominates the tokenized asset market by 81%.

The report emphasizes that the global physical asset market is about $100 trillion, and with the active layout of institutions such as BlackRock and UBS, tokenized fund assets are expected to triple in 2025. Currently, Ethereum's annual total fee income is $2.4 billion, and physical asset-related fees may exceed $100 billion in the future. Although Ethereum has risen 66% this year, lower than Bitcoin's 130% and Solana's 106%, spot ETFs have attracted $2 billion in net inflows in the past 10 days.