According to broker Bernstein’s research study on Tuesday, the market for exchange-traded funds that track bitcoin (BTC) and ether (ETH) is predicted to reach $450 billion based on our projections for cryptocurrency prices. Analysts Gautam Chhugani and Mahika Sapra noted, “This would signify flows exceeding $100 billion into crypto ETFs over the next 18-24 months.” The broker projects a bitcoin cycle peak of $150,000 for 2025, with a $90,000 year-end price objective.
Following the U.S. Securities and Exchange Commission’s approval of eight spot ETH ETF providers’ 19b-4 filings, ether saw a roughly 26% increase in value last week. The exchanges will begin offering ether ETF trading as soon as the S1 files are accepted
It was said that the “biggest controversy” concerning ether has been resolved, as it is now considered a commodity rather than a security.
According to Bernstein, the acceptance of ether as a spot ETF “paves the way for a blockchain asset to evolve from a token sale” because it is the first proof-of-stake based token to accomplish so. The paper continued, “This has positive implications for other blockchain tokens, as they may follow the same precedent and solana (SOL) could benefit.”