Bitcoin and Ether ETF Markets Expected to Grow to $450B: Bernstein

The Bitcoin and Ethereum ETF markets are expected to reach $450 billion in total, the report said.

This points to more than $100 billion flowing into crypto ETFs over the next two years, Bernstein said.

The US approval of an Ether Spot ETF has positive implications for rival tokens like Solana, the broker said.

Bitcoin {{BTC}} and Ethereum {{ETH}} exchange-traded funds are expected to reach a $450 billion market based on our crypto price forecasts, broker Bernstein said in a research report on Tuesday.

“This would mean flows in excess of $100 billion into crypto ETFs over the next 18-24 months,” analysts Gautam Chhugani and Mahika Sapra wrote.

The broker predicts that the high of the Bitcoin cycle will be $150,000 in 2025 and states that the year-end price target is $90,000.

Ether gained nearly 26% last week after the U.S. Securities and Exchange Commission approved 19b-4 filings from eight spot ETH ETF issuers. Once S1 applications are approved, Ethereum ETF trading will go live on exchanges.

The report stated that the “biggest debate” surrounding cryptocurrency has been resolved now that Ethereum is now classified as a commodity and not a security.

Bernstein notes that Ethereum was the first proof-of-stake-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 also has positive implications for other blockchain tokens, as they too can follow the same example and benefit from it,” the report added.

Read more: Ether Spot ETF Approval Will Raise Prospects Solana May Also Be Classified As A Commodity: Bernstein