Bitwise CIO: Inflows into Ethereum ETF will push ETH to break through $5000 and set a new historical high

BlockBeats reports that on July 17, Bitwise CIO Matt Hougan stated that the inflow of spot ETFs may have a greater impact on ETH than on Bitcoin. It is expected that in the first few weeks after the launch of Ethereum ETF, the price of ETH will be "unstable" because funds may flow out of Grayscale Ethereum Trust (ETHE), valued at $11 billion, after it converts to a spot ETF. However, by the end of the year, he believes that the price of ETH will break through $5000 and reach a new historical high. If traffic is stronger than many market commentators expect, prices could go even higher.