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Bernstein Predicts Bitcoin Will Reach $150K and Crypto ETF Market Will Expand to $450B

The Market for Bitcoin and Ethereum ETFs Set to Surge: Bernstein Research Report

The market for Bitcoin and Ethereum exchange-traded funds (ETFs) is set to experience a massive surge, with projections indicating a potential $450 billion market size. According to a research report by investment firm Bernstein, analysts Gautam Chhugani and Mahika Sapra predict that over $100 billion could flow into crypto ETFs within the next 18 to 24 months.

Bernstein’s analysis forecasts a peak Bitcoin price of $150,000 by 2025, with an optimistic year-end target of $90,000. This bullish outlook is driven by the increasing institutional adoption of cryptocurrencies and regulatory advancements in the industry.

Ether, the second-largest cryptocurrency by market capitalization, saw a significant 26% increase last week following the SEC’s approval of 19b-4 filings for eight spot Ether ETF issuers. Once these ETFs receive approval for S1 filings, they will be available for trading on exchanges.

The SEC’s decision to classify Ether as a commodity rather than a security has provided regulatory clarity and set a precedent for other blockchain-based tokens. Bernstein noted that Ether is the first proof-of-stake token to receive approval as a spot ETF, which is expected to have a positive impact on other blockchain tokens like Solana (SOL).

Looking ahead, the Benzinga Future of Digital Assets event on Nov. 19 will offer further insights into these trends. Industry leaders and experts will gather to discuss the latest developments, forecasts, and implications for the future of digital assets, providing a comprehensive view of this rapidly expanding sector.

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