CDS Crypto News Crypto ETFs Could Attract Over $100 Billion in the Next Two Years, Report Suggests
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Crypto ETFs Could Attract Over $100 Billion in the Next Two Years, Report Suggests

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Crypto ETFs Could Attract Over $100 Billion in the Next Two Years, Report Suggests

Crypto ETFs Could Attract Over $100 Billion in the Next Two Years, Report Suggests

Bitcoin (BTC) and Ether (ETH) exchange-traded funds are projected to expand into a $450 billion market, according to crypto price forecasts from broker Bernstein. In a research report released on Tuesday, analysts Gautam Chhugani and Mahika Sapra indicated that this growth would result in inflows exceeding $100 billion into crypto ETFs over the next 18-24 months.

The broker anticipates a peak bitcoin price of $150,000 in 2025, with a year-end target of $90,000 for 2024.

Ether saw a significant 26% rise last week following the U.S. Securities and Exchange Commission‘s approval of the 19b-4 filings from eight spot ETH ETF issuers. Ether ETF trading will commence on exchanges once the S1 filings receive approval.

The report highlighted that with ether now classified as a commodity rather than a security, the major controversy surrounding the cryptocurrency has been resolved.

Bernstein emphasizes that ether’s approval as the first proof-of-stake based token for a spot ETF sets a precedent for other blockchain assets. This approval marks a significant milestone for the evolution of blockchain tokens from initial sales to traded assets. The report also suggests that other blockchain tokens, like Solana (SOL), could potentially benefit from this precedent.

Crypto ETFs Could Attract Over $100 Billion in the Next Two Years, Report Suggests

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