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

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)