Bitwise CIO: Ethereum ETF inflows will drive ETH to break $5000 and set a new all-time high

ChainCatcher news, Bitwise CIO Matt Hougan stated that the impact of spot ETF inflows on ETH may be greater than that on Bitcoin. It is expected that in the first few weeks after the Ethereum ETF goes live, the price of ETH will be "volatile," as funds may flow out of the Grayscale Ethereum Trust (ETHE), which has a value of $11 billion, after its conversion to a spot ETF. However, by the end of the year, he believes that the price of ETH will exceed $5,000 and set a new all-time high. If the inflow is stronger than many market commentators expect, the price could be even higher.