Bitwise: Ethereum spot ETF fund inflows will push ETH above $5,000 this year

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ODAILY
07-17
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Odaily Odaily News Bitwise said that the spot Ethereum ETF is expected to be launched in the United States next week, which will push the price of ETH to an all-time high of more than $5,000. Chief Investment Officer Matt Hougan wrote in a report on Tuesday that due to the outflow of funds from the $11 billion Grayscale Ethereum Trust (ETHE) after the conversion to an ETF, this may not happen immediately and price trends may begin to fluctuate. However, "By the end of the year, I believe ETH will hit new highs," Hougan wrote, "If capital flows are stronger than many market commentators expect, prices may be higher." (CoinDesk)

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