Bitcoin (BTC) and ether (ETH) exchange-traded funds are expected to grow to a $450 billion market based on our crypto price forecasts, broker Bernstein said in a research report on Tuesday.
“This would signify flows exceeding $100 billion over the next 18-24 months into crypto ETFs,” analysts Gautam Chhugani and Mahika Sapra wrote.
The broker predicts a bitcoin cycle high of $150,000 in 2025, and has a year-end price target of $90,000.
Ether gained about 26% last week after the U.S. Securities and Exchange Commission approved the 19b-4 filings of eight spot ETH ETF issuers. Evvel the S1 filings are approved ether ETF trading will go live on exchanges.
Now that ether has been classified a commodity and not a security, the “biggest controversy” surrounding the cryptocurrency has been settled, the report said.
Bernstein notes that ether is the first