Bitwise predicts that the US Ethereum spot ETF will help ETH break through the historical high

BlockBeats news, July 17, Bitwise said that it expects the launch of an Ethereum spot ETF in the United States next week to push the price of the second-largest cryptocurrency to an all-time high of more than $5,000.

Bitwise Chief Investment Officer Matt Hougan wrote in a report on Tuesday that this rise may not happen immediately, and prices may begin to fluctuate as funds flow out of the $11 billion Grayscale Ethereum Trust Fund (after it is transformed into an ETF).

Nevertheless, "I am confident of new highs by the end of the year," Hougan wrote, "If capital inflows are stronger than many market commentators expect, prices may be higher." (CoinDesk)