According to BlockBeats, on July 17, Bitwise CIO Matt Hougan stated that the impact of spot ETF inflows might be more significant for Ethereum (ETH) than for Bitcoin. Hougan anticipates that in the initial weeks following the launch of an Ethereum ETF, ETH prices will experience considerable volatility. This is attributed to the potential outflow of funds from the $11 billion Grayscale Ethereum Trust (ETHE) as it converts to a spot ETF. However, Hougan remains optimistic that by the end of the year, ETH prices will surpass $5,000, reaching an all-time high. He also noted that if the inflows are stronger than many market commentators expect, the price could rise even further.
