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

Odaily2024/07/17 08:39
By:Odaily
Odaily News Bitwise said the spot Ethereum ETF is expected to launch in the U.S. next week, which would push ETH prices to an all-time high above $5,000. Chief investment officer Matt Hougan wrote in a report on Tuesday that this may not happen immediately and price action could start to be volatile due to outflows from the $11 billion Grayscale Ethereum Trust (ETHE) after its conversion to an ETF. However, by the end of the year, I believe ETH will have set new highs, Hougan wrote, and prices could be higher if flows are stronger than many market commentators expect. (CoinDesk)
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