Bitcoin and Ether ETF Markets Expected to Grow to $450B: Bernstein
Bitcoin and ether exchange-traded funds (ETFs) are projected to grow into a $450 billion market, according to a research report by broker Bernstein. This growth would signify an inflow of over $100 billion into crypto ETFs in the next 18-24 months. Bernstein also predicts a bitcoin cycle high of $150,000 in 2025, and a year-end price target of $90,000. Ether's value increased by about 26% last week following the U.S. Securities and Exchange Commission's approval of the 19b-4 filings of eight spot ETH ETF issuers. Ether ETF trading will commence once the S1 filings are approved. The report also noted that ether's classification as a commodity rather than a security has resolved the "biggest controversy" surrounding the cryptocurrency. This approval sets a precedent for other blockchain tokens, potentially benefiting solana (SOL).
