Bernstein analysts expect the Bitcoin and Ethereum ETF markets to grow to $450 billion. Analysts predict that crypto ETFs will see inflows of over $100 billion in the next two years. The broker says the US approving an Ethereum spot ETF has positive implications for tokens like Solana.
“Bitcoin and Ethereum will reach record prices with record inflows!”
Bernstein published a research report on Tuesday. Accordingly, Bernstein analysts expect Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds to grow into a $450 billion market based on crypto price predictions. “This would mean flows of over $100 billion into crypto ETFs over the next 18-24 months,” say analysts Gautam Chhugani and Mahika Sapra in the report. Bernstein predicts a $150,000 Bitcoin cycle in 2025. Additionally, this year-end price target is $90,000.
cryptokoin.comAs you follow from, the US SEC has given the green light to eight spot Ethereum ETF applications. In this context, the regulatory body approved the issuers’ 19b-4 applications. Following this, Ethereum gained approximately 26% in value last week. Ethereum ETF trading will begin on exchanges after the SEC approves S1 applications.
“Ethereum ETF will open the doors to others in Solana!”
According to the report, the SEC has acknowledged that Ethereum is no longer a security but a commodity. Therefore, the “biggest debate” surrounding cryptocurrency has been resolved. Bernstein notes that Ethereum was the first Proof-of-Stake (PoS)-based token to be approved as a spot ETF, and its approval “paved the way for the evolution of a Blockchain asset from a token sale.” “This has positive implications for other Blockchain tokens,” analysts wrote in the report. Because they will have the opportunity to follow the same precedent. “Also, it is possible that Solana (SOL) will benefit from this,” he says.
BTC and ETH inflows hit new highs
In the wake of Bitcoin and Ethereum ETFs, an interesting phenomenon came to light today. In the global crypto space, this created a wave of optimism on cryptos. BTC and ETH recorded inflows worth $1.01 billion and $35.5 million, respectively, last week. Thus, it pointed to increased investor optimism following the SEC’s ETH ETF approval. In particular, weekly inflows of $1.05 billion, which combines all digital asset inflows, pushed year-to-date inflows to a record level of $14.9 billion, according to market data. Bitcoin and Ethereum received the lion’s share of these massive inflows.
Interestingly, Bitcoin and Ethereum alone recorded weekly inflows worth $1.04 billion. This landmark achievement is no surprise considering the rise of BTC and ETH ETFs. However, it is worth noting that ETH ETFs started off sluggish in the US, which is in stark contrast to the performance of Bitcoin ETFs.
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