Markets
Bitcoin and Ether ETF Markets Expected to Grow to $450 Billion: Bernstein
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The Bitcoin and Ether ETF markets are expected to grow to $450 billion in total, the report says.
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Bernstein said this suggests flows of more than $100 billion over the next two years into crypto ETFs.
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The US approval of a spot ether ETF has positive implications for rival tokens such as solana, the broker said.
According to our cryptocurrency price forecasts, exchange-traded funds Bitcoin {{BTC}} and Ether {{ETH}} will grow to a $450 billion market, broker Bernstein said in a research report on Tuesday .
“This would mean flows in excess of $100 billion over the next 18-24 months into crypto ETFs,” wrote analysts Gautam Chhugani and Mahika Sapra.
The broker expects a high bitcoin cycle $150,000 in 2025and has a end of the year price target of $90,000.
Ether gained about 26% last week after the U.S. Securities and Exchange Commission approved 19b-4 filings from eight ETH ETF spot issuers. Once the S1 documentation is approved, ether ETF trading will be active on the exchanges.
Now that ether has been classified as a commodity and not a security, the “biggest controversy” surrounding the cryptocurrency has been resolved, the report says.
Bernstein notes that the aether is first betting test token-based to be approved as a spot ETF and its approval “paves the way for the evolution of a blockchain asset from a token sale.
“This has positive implications for other blockchain tokens, as they may follow the same precedent and solana {{SOL}} may benefit from this,” the report adds.
To know more: Ether Spot ETF Approval Would Raise Expectations Solana Could Also Be Commodity Classified: Bernstein