US SEC, both since the beginning of 2024 Bitcoin as well as Ethereum As ETFs are approved, the expectation for ETFs is also increasing.
At this point, investment firm Bernstein predicted that there will be significant growth in the spot Bitcoin and Ethereum ETF market, with the total market size reaching $450 billion.
According to Coindesk, Bernstein analysts Gautam Chhugani and Mahika Sapra wrote in the report: “This forecast would imply flows in excess of $100 billion into crypto ETFs over the next 18-24 months.” said.
SEC’s spot Ethereum ETF Analysts also touched upon the approval of this decision. ETHHe said it was proof that it was no longer classified as a security but a commodity and “The biggest debate in ETH has been resolved” said.
Finally, the SEC’s approval of spot ETH ETFs Solana (LEFT) Bernstein analysts stated that it is positive for Ethereum rival altcoins such as:
“ETH ETF approval also has positive implications for other blockchain tokens as they could follow the same example.
Solana (SOL) can benefit from this.”
As it is known, Bernstein predicts that the highest level of the Bitcoin cycle will be $ 150,000 in 2025, while he states that the price target for the end of 2024 is 90,000.
*This is not investment advice.
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