Bitwise said that the spot Ethereum ETF is expected to launch in the United States next week, which will push the ETH price to an all-time high above $5,000. Chief Investment Officer Matt Hougan wrote in a note on Tuesday that since the $11 billion grey release Ethereum Trust (ETHE) saw an outflow of funds after converting to an ETF, this may not happen immediately and price action could start to fluctuate.