đ„Bitwise CIO Foresees Major Impact of Spot #EtheruemETF đ„
On July 17, BlockBeats reported that Matt Hougan, the CIO of Bitwise, believes the introduction of spot #ETF will have a profound effect on #Ethereum (ETH), potentially more so than on Bitcoin. $ETH (read below)
Hougan predicts that the launch of an Ethereum ETF will trigger significant price volatility in the first few weeks. This fluctuation is expected as funds may shift from the $11 billion Grayscale Ethereum Trust (ETHE) during its transition to a spot ETF. Despite the anticipated volatility, Hougan is confident that ETH will exceed $5,000 đ° by the end of the year, marking a new all-time high. He added that if the inflows surpass expectations, the price could climb even higher.