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

Bitwise said the spot Ethereum ETF is expected to launch in the United States next week, which will push ETH prices to an all-time high above $5,000.

Price action may start to fluctuate as the $11 billion Grayscale Ethereum Trust (ETHE) sees outflows after converting to an ETF, which may not happen immediately, Chief Investment Officer Matt Hougan wrote in a report on Tuesday.

However, "By the end of the year, I believe ETH will have set new highs," Hougan wrote, "and prices could be higher if flows are stronger than many market commentators expect." (CoinDesk)