Bitcoin (BTC) and Ethereum (ETH) aim for $450 billion target, could benefit Solana (SOL) ecosystem!

  • Bernstein brokerage firm expects Bitcoin (BTC) and Ethereum (ETH) ETFs to capture a $450 billion market.
  • Bernstein analysts stated, “This implies over $100 billion inflow into crypto ETFs within the next 18-24 months.”
  • The analysts predict Bitcoin’s price to reach $90,000 by the end of this year and peak at $150,000 in 2025 during the bull cycle.
  • The U.S. Securities and Exchange Commission (SEC) has approved 19b-4 applications for a spot Ethereum ETF. Once S-1 filings are approved, the funds can enter the market.
  • Thanks to Ethereum being classified as a commodity rather than a security, the “largest debate” surrounding ETH has been resolved, according to Bernstein analysts.
  • The approval of Ethereum as a proof-of-stake token could benefit other projects like Solana (SOL), the analysts added.

Bernstein brokerage firm expects Bitcoin (BTC) and Ethereum (ETH) ETFs to capture a $450 billion market, with over $100 billion inflow into crypto ETFs within the next 18-24 months. Bitcoin’s price is predicted to reach $90,000 by the end of this year and peak at $150,000 in 2025 during the bull cycle.

SEC Approval for Ethereum ETF Signals Market Potential

The approval of 19b-4 applications for a spot Ethereum ETF by the U.S. Securities and Exchange Commission (SEC) paves the way for substantial market entry once S-1 filings are finalized.

Ethereum’s Classification as a Commodity Resolves Debate

With Ethereum now classified as a commodity rather than a security, Bernstein analysts believe that the unresolved “largest debate” surrounding ETH has been settled, offering clarity for investors and the market.

Potential Benefits for Solana (SOL) and Similar Projects

The approval of Ethereum as a proof-of-stake token could prove advantageous not only for ETH but also for projects like Solana (SOL) and other cryptocurrencies operating on similar principles, suggesting a positive outlook for the broader market.

Conclusion

Bernstein analysts’ optimistic outlook on Bitcoin and Ethereum ETFs, combined with the SEC’s approval for a spot Ethereum ETF, signals a potential influx of investment into the crypto market in the coming years. The classification of Ethereum as a commodity and its potential benefits for related projects contribute to a positive market sentiment and future growth opportunities.

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