4 months ago
10 ARTICLE AD
Ether is the first PoS-based token to receive approval for a spot ETF, setting a precedent for other tokens to potentially follow suit.
According to a recent research report by broker Bernstein, the Bitcoin (BTC) and Ether (ETH) exchange-traded fund (ETF) markets are expected to experience substantial growth, potentially reaching a combined value of $450 billion. This growth is based on Bernstein’s crypto price forecasts and could result in over $100 billion in inflows into crypto ETFs over the next 18 to 24 months.
Bernstein’s optimistic outlook on the crypto ETF market is driven by their price predictions for bitcoin and ether. The broker anticipates a Bitcoin cycle high of $150,000 in 2025 and has set a year-end price target of $90,000. These projections suggest a significant upside potential for the leading cryptocurrency, which could fuel investor interest in bitcoin ETFs.
Ether, the second-largest cryptocurrency by market capitalization, gained approximately 26% last week following the US Securities and Exchange Commission’s (SEC) approval of the 19b-4 filings of eight spot ETH ETF issuers, although this run was quickly followed by a lull in the market seeing dips of up to 5%, according to data from CoinGecko. Once the S1 filings are approved, ether ETF trading will commence on exchanges.
The report from Bernstein highlights that the classification of ether as a commodity rather than a security has settled the “biggest controversy” surrounding Ethereum and its Ether component. This development is expected to provide clarity and boost investor confidence in ether and its associated ETFs.
Bernstein notes that Ether’s approval as a spot ETF holds positive implications for other blockchain tokens, particularly those based on proof-of-stake (PoS) consensus mechanisms. Ether is the first PoS-based token to receive approval for a spot ETF, setting a precedent for other tokens to potentially follow suit.
The report specifically mentions Solana (SOL) as a token that could benefit from this development, as it shares similar characteristics with Ether in terms of its underlying consensus mechanism.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
