🪙 Bitwise CIO predicts Ethereum ETF inflows will push ether prices to all-time highs above $5,000
Matt Hougan, Chief Investment Officer at crypto asset manager Bitwise, said spot Ethereum exchange-traded fund inflows could have a bigger impact on ether upon launch than the equivalent products did for bitcoin. He said he expected the first few weeks once the Ethereum ETFs go live to be “choppy” for the second largest cryptocurrency by market cap as funds potentially flow out of the $11 billion Grayscale Ethereum Trust (ETHE) after its conversion to a spot ETF.
@cryptoupdates0512
Matt Hougan, Chief Investment Officer at crypto asset manager Bitwise, said spot Ethereum exchange-traded fund inflows could have a bigger impact on ether upon launch than the equivalent products did for bitcoin. He said he expected the first few weeks once the Ethereum ETFs go live to be “choppy” for the second largest cryptocurrency by market cap as funds potentially flow out of the $11 billion Grayscale Ethereum Trust (ETHE) after its conversion to a spot ETF.
@cryptoupdates0512