Bitwise: Ethereum spot ETF inflows will push ETH past $5,000
2024-07-17 16:37:00
Bitwise said that the spot Ethereum ETF is expected to launch in the United States next week, which will push the ETH price to an all-time high above $5,000.
Chief Investment Officer Matt Hougan wrote in a note on Tuesday that since the $11 billion grey release Ethereum Trust (ETHE) saw an outflow of funds after converting to an ETF, this may not happen immediately and price action could start to fluctuate.
Chief Investment Officer Matt Hougan wrote in a note on Tuesday that since the $11 billion grey release Ethereum Trust (ETHE) saw an outflow of funds after converting to an ETF, this may not happen immediately and price action could start to fluctuate.
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