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

Bitwise has announced that a spot Ethereum ETF is expected to launch in the United States next week, which will push the price of ETH to a historical high of over $5,000. Chief Investment Officer Matt Hougan wrote in a report on Tuesday that due to the outflow of funds from the $11 billion Grayscale Ethereum Trust (ETHE) after its conversion to an ETF, this may not happen immediately and the price trend may begin to fluctuate.