Bernstein Predicts Crypto ETF Market Surge to $450 Billion

The combined value of exchange-traded funds based on Bitcoin and Ethereum is expected to rise to $450 billion within the next two years, according to a report by CoinDesk, citing Bernstein.

“This implies that over the next 18-24 months, the crypto ETF market will see inflows exceeding $100 billion,” analysts explained. 

Experts also reaffirmed their forecast that the leading cryptocurrency will rise to $80,000-90,000 by the end of the year, reaching a peak of $150,000 in 2025.

Bernstein noted that following the approval of SEC 19b-4 filings from ETH-ETF issuers, the industry has “resolved the biggest debate” over whether the asset is a commodity or a security. 

According to analysts, Ethereum became the first cryptocurrency with a Proof-of-Stake consensus mechanism to be approved as spot exchange-traded funds. This move paves the way for the asset to “evolve” from mere token sales to the stock market.

“[The approval of ETH-ETF] has positive implications for other tokens, as they can use the same precedent. Solana will benefit,” the company emphasized. 

Previously, Matrixport co-founder Daniel Yan expressed a similar view, suggesting that Solana could be the next candidate for launching such an instrument.

Earlier, Bernstein predicted Ethereum could rise to $6600 if spot exchange-traded funds are adopted. 

MicroStrategy founder Michael Saylor saw advantages for Bitcoin in the launch of Ether-based ETFs.