ETFs Will Send Ether To All-Time Highs Above $5,000: Bitwise CIO

Bitwise CIO Matt Hougan is confident that ether ETF inflows will have a bigger price impact than Bitcoin inflows. The analyst gave three reasons for his view. The recent prediction comes as ether ETFs look set to launch. ETFs have long been tipped by experts to turbocharge crypto demand and send asset prices surging. The industry has been able to experience what this demand can look like for the first time in 2024, as inflows to Bitcoin ETFs approved in January 2024 helped drive the asset to new all-time highs in March 2024. Fast forward to July 2024, and

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