Bitcoin to Peak at $150,000, Crypto ETF Market to Grow to $450 Billion: Bernstein — TradingView News

The market for Bitcoin AND Ethereum exchange traded funds (ETFs) is poised for a dramatic surge, according to a research report released by the investment firm Bernstein.

What happened: This market could reach a staggering $450 billion based on cryptocurrency price projections, Coindesk reported.

According to analysts Gautam Chhugani AND Mahika Saprathis growth could translate into over $100 billion flowing into crypto ETFs within the next 18-24 months.

Bernstein’s analysis predicts a Bitcoin price peak of $150,000 by 2025, with an optimistic year-end target of $90,000.

This bullish outlook is fueled by the growing institutional adoption of cryptocurrencies, supported by regulatory advancements.

Ether, the second largest cryptocurrency by market capitalization, recorded a significant increase of 26% last week.

This surge followed the US Securities and Exchange Commission’s (SEC) approval of 19b-4 filings for eight spot Ether ETF issuers.

Once these ETFs have received approval for S1 filing, they will begin trading on exchanges.

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Read also: SOL drops 3% as FTX Bankruptcy Estate concludes Solana token sales

The SEC’s decision to classify Ether as a commodity rather than a security has resolved one of the most controversial issues surrounding the cryptocurrency.

This regulatory clarity sets a precedent for other blockchain-based tokens, potentially paving the way for their evolution from token sales to established financial assets.

Bernstein highlighted that Ether is the first proof-of-stake token to receive approval as a spot ETF.

This milestone is expected to have a positive impact on other blockchain tokens Solana SOL being a notable beneficiary.

What’s next: Looking ahead, the Benzinga Future of Digital Assets event on November 19 is poised to provide further insights into these trends.

Industry leaders and experts will gather to discuss the latest developments, predictions and implications for the future of digital assets, offering a comprehensive view of this rapidly expanding sector.

Read next: Top Trader’s Ethereum Price Prediction Targets All-Time Highs in 2025

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