Analysts working at U.S investment firm VanEck, which has applied to list a spot ether ETF, said they have raised their 2030 price prediction for Ethereum to $22,000.
The firm is one of several Wall Street investment managers now seeking to list spot ether ETFs after successfully launching spot bitcoin ETFs in January. The Securities and Exchange Commission approved spot ether ETFs last month. Investors who purchase the exchange-traded funds will be able to benefit if the cryptocurrency's price appreciates without having to buy the token directly. Likewise, sponsors of the ETFs gain fee income as more assets pile into their funds.
Once listed, spot Ethereum ETFs could attract between $3.1 billion and $4.8 billion in net inflows during their first five months of trading, according to K33 Research. The $22,000 price target represented the authors' base case price target. The bullish and bearish price predictions were $154,000 and $360, respectively.
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