Analysts at investment brokerage Bernstein are forecasting that the market for Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) could reach $450 billion U.S.
Bernstein sees the market for cryptocurrency ETFs rising sharply alongside prices for digital coins and tokens.
The forecast is based on inflows to Bitcoin and Ethereum ETFs surpassing $100 billion U.S. over the next 24 months.
The analysts are also predicting that Bitcoin’s price will reach $150,000 U.S. in 2025.
Since being approved by U.S. regulators in January of this year, spot Bitcoin ETFs have attracted about $12 billion U.S. of investor capital.
Ethereum’s price gained more than 25% in the past week as the U.S. Securities and Exchange Commission (SEC) approved spot Ether ETFs.
The Bernstein analysts note that the Ethereum ETF approval paves the way for other cryptocurrencies to also be offered to investors as an exchange-traded fund.
Bernstein stressed that the new spot Ethereum ETFs will likely have positive implications for other digital tokens such as Solana (SOL).
Bernstein is privately held. Its stock does not trade on a public exchange.
