Bitcoin and Ether ETFs Expected to Reach $450 Billion Market, Says Bernstein

Broker Bernstein has projected that Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) could grow into a $450 billion market, based on their crypto price forecasts. This growth would imply over $100 billion in inflows into crypto ETFs over the next 18-24 months, according to a research report released on Tuesday by analysts Gautam Chhugani and Mahika Sapra.

Bernstein’s optimistic outlook on the crypto ETF market is driven by their bullish price predictions for Bitcoin and Ether. The broker anticipates a Bitcoin cycle high of $150,000 by 2025 and has set a year-end price target of $90,000. These projections suggest significant upside potential for Bitcoin, which could increase investor interest in Bitcoin ETFs.

Ether, the second-largest cryptocurrency by market capitalization, saw a 26% increase last week after the U.S. Securities and Exchange Commission (SEC) approved the 19b-4 filings of eight spot ETH ETF issuers. The approval of the S1 filings will allow Ether ETF trading to go live on exchanges.

Bernstein’s report highlights that the classification of Ether as a commodity rather than a security has resolved the “biggest controversy” surrounding Ethereum. This classification is expected to provide clarity and boost investor confidence in Ether and its associated ETFs.

Ether is the first proof-of-stake (PoS) based token to be approved as a spot ETF, paving the way for other blockchain tokens to follow suit. Bernstein notes that this approval sets a positive precedent for other PoS-based tokens, such as Solana (SOL), which could benefit from similar developments.

Despite the initial surge, Ether’s market saw a subsequent dip of up to 5%, according to CoinGecko data. However, the approval of Ether ETFs is anticipated to have long-term positive implications for the cryptocurrency market.

Bernstein’s report underscores the potential for Ether’s ETF approval to influence other blockchain tokens, suggesting that the market could see increased interest and investment in PoS-based assets like Solana.

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