While the US SEC has approved both Bitcoin and Ethereum ETFs since the beginning of 2024, expectations for ETFs are 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.
“This forecast would imply flows exceeding $100 billion into crypto ETFs over the next 18-24 months,” Bernstein analysts Gautam Chhugani and Mahika Sapra said in the report, Coindesk reported.
Referring to the SEC's spot Ethereum ETF approval, analysts said that this decision is proof that ETH is no longer classified as a security, but a commodity, and said, “The biggest debate in ETH has been resolved.”
Finally, stating that the SEC's approval of spot ETH ETFs is positive for Ethereum rival altcoins such as Solana (SOL), Bernstein analysts said:
“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.