Bitwise CIO Matt Hougan is “confident the new highs will be in” before the year-end for Ethereum, but suggests the beginning may be rocky.
Bitwise Chief Investment Officer Matt Hougan says there are three reasons why Ether ETFs could drive the price of the asset, more than Bitcoin ETFs did for BTC.
“The first few weeks could be choppy, as money may flow out of the $11 billion Grayscale Ethereum Trust after it converts to an ETP,” Hougan stated. “If flows are stronger than many market commentators expect, the price could be much higher still,” he declared, mirroring the prediction of pseudonymous crypto trader Daan Crypto Trades, who also believes that the amount of potential inflows into Ether ETFs has been underestimated.
“Gonna be a contrarian here and say that I believe Ethereum actually dips a bit next week vs. BTC,” they
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