Bitwise CIO: Inflows into Ethereum ETF will push ETH to break through $5000 and set a new historical high
In a message from ChainCatcher, Bitwise CIO Matt Hougan stated that the inflow of spot ETFs could have a greater impact on ETH than on Bitcoin. He predicts that the price of ETH will be "unstable" in the first few weeks after the launch of Ethereum ETF, as funds may flow out of Grayscale Ethereum Trust (ETHE), valued at 11 billion dollars, when it converts to a spot ETF. However, by year-end, he believes that the price of ETH will break through $5000 and reach an all-time high. If traffic is stronger than many market commentators expect, prices might go even higher.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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