{"id":25298,"date":"2024-07-18T16:00:51","date_gmt":"2024-07-18T13:00:51","guid":{"rendered":"https:\/\/coinengineer.io\/?p=25298"},"modified":"2024-07-18T10:12:12","modified_gmt":"2024-07-18T07:12:12","slug":"bitwise-ethereum-etf-report-is-an-all-time-high-coming-for-ethereum","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitwise-ethereum-etf-report-is-an-all-time-high-coming-for-ethereum\/","title":{"rendered":"Bitwise Ethereum ETF Report: Is an All-Time High Coming for Ethereum?"},"content":{"rendered":"<p>The launch of Ethereum ETFs could push ETH&#8217;s price above its all-time high of $5,000.<\/p>\n<p>According to the cryptocurrency asset manager Bitwise, the introduction of spot Ethereum (ETH) exchange-traded funds (ETFs) in the U.S. next week is expected to drive the price of the second-largest cryptocurrency above its all-time high of $5,000.<\/p>\n<p>In a recently published report, Bitwise&#8217;s Chief Investment Officer Matt Hougan noted that the price surge might not occur immediately. Initial volatility could be seen due to outflows from the $11 billion Grayscale <a href=\"https:\/\/coinengineer.net\/blog\/ethereum-etfs-have-been-started\/\">Ethereum<\/a> Trust (ETHE) as it converts to an ETF. However, the long-term outlook remains bullish.<\/p>\n<p>Hougan expressed confidence that if market inflows exceed expectations, Ethereum could reach new highs by the end of the year, with the potential for even higher prices.<\/p>\n<p>The report highlighted Bitcoin\u2019s (BTC) performance, showing a 25% increase since the launch of spot ETFs in the U.S. in January and a rise of over 110% since October of the previous year when the market began pricing in the potential launch.<\/p>\n<p>Bitwise believes Ethereum spot ETFs will have an even greater impact due to several structural factors.<\/p>\n<p>Firstly, Ethereum&#8217;s short-term inflation rate is currently at 0%, compared to Bitcoin&#8217;s 1.7% during its ETF launches. This zero supply creates significant demand. Additionally, unlike Bitcoin miners, Ethereum stakers do not need to sell, and 28% of ETH is staked, effectively removing it from the market.<\/p>\n<p>Bitwise predicts that Ethereum spot ETFs will generate $15 billion in net inflows within the first 18 months of trading.<\/p>\n<p>Supporting this optimistic forecast, a report from Steno Research last month projected that with anticipated ETF inflows and other market factors, ETH could reach at least $6,500 within the year.<\/p>\n<p><em>In the comment section, you can freely share your comments and\u00a0 opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n<div class=\"kk-star-ratings kksr-auto kksr-align-center kksr-valign-bottom\" data-payload=\"{&quot;align&quot;:&quot;center&quot;,&quot;id&quot;:&quot;15423&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;Solana (SOL) Price Tops $170: Key Reasons Driving the Rally&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}\">\n<div class=\"kksr-stars\">\n<div class=\"kksr-stars-inactive\">\n<div class=\"kksr-star\" data-star=\"1\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The launch of Ethereum ETFs could push ETH&#8217;s price above its all-time high of $5,000. According to the cryptocurrency asset manager Bitwise, the introduction of spot Ethereum (ETH) exchange-traded funds (ETFs) in the U.S. next week is expected to drive the price of the second-largest cryptocurrency above its all-time high of $5,000. In a recently<\/p>\n","protected":false},"author":1,"featured_media":22386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1149,3094,105,7450],"class_list":["post-25298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitwise","tag-etfs","tag-ethereum","tag-steno"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitwise Ethereum ETF Report: Is an All-Time High Coming for Ethereum? - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitwise-ethereum-etf-report-is-an-all-time-high-coming-for-ethereum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitwise Ethereum ETF Report: Is an All-Time High Coming for Ethereum? - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The launch of Ethereum ETFs could push ETH&#8217;s price above its all-time high of $5,000. According to the cryptocurrency asset manager Bitwise, the introduction of spot Ethereum (ETH) exchange-traded funds (ETFs) in the U.S. next week is expected to drive the price of the second-largest cryptocurrency above its all-time high of $5,000. 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