Ethereum Signals Strength As Citigroup Eyes $5.5 Trillion Tokenized Asset Boom
Ethereum’s funding rate hit its highest level since Aug. 23, 2025 on May 31 even as ETH fell below $2,000, signaling crowded long positioning. That positioning unwound on June 1, when roughly $84 million in long ETH bets were liquidated. Citigroup’s Tokenization 2030 report projected the tokenized asset market could grow from about $17 billion today to $5.5 trillion by 2030 in its base case, with a range of $2.7 trillion to $8.2 trillion. The forecast is driven mainly by tokenized U.S. Treasury bills and public equities, with on-chain money and tokenized deposits supporting settlement. Citi said 10% of the U.S. T-bill market and 3% of public stocks could be tokenized by 2030, and a 10% shift of U.S. retail investors to on-chain trading could create $2.6 trillion in demand for tokenized equities. Ethereum remains central to tokenization efforts, but price action is weak. ETH traded around $1,985, with support near $1,980–$1,990 and resistance at $2,000 and $2,220.
