- VanEck projects that ether will hit $22,000 by 2030.
- This thesis is based upon ether’s disruptive ability, progress with the ETF, and VanEck’s read of on-chain data.
That would be a massive jump from current levels around $3,850.
A leading international investment company, planning to launch an ether exchange-traded fund (ETF), believes that the market for ether ETFs could surpass their bitcoin counterparts based on Ethereum’s transformative capabilities and income generated for token owners. (Source: Recent report from the investment firm)
As a researcher studying the blockchain landscape, I can assert that Ethereum is making significant waves in various industries including finance, banking, payments, marketing, advertising, social media, gaming, and infrastructure. Furthermore, I anticipate that the approval of Ethereum Exchange-Traded Funds (ETFs) will further fuel its growth based on my analysis of on-chain data provided by VanEck.
As a researcher, I’m excited to share that the report indicates we’re on the verge of seeing spot ethereum exchange-traded funds (ETFs) being authorized for trading on U.S. stock exchanges. This significant step would enable financial advisors and institutional investors to securely hold this distinct asset, taking advantage of the safety provided by qualified custodians. Furthermore, they would benefit from the attractive features associated with ETFs, such as pricing transparency, intraday liquidity, and cost efficiency.
According to VanEck’s perspective, ethereum’s potential to reach $22,000 is driven by the disruptive capabilities of Ethereum-based technology. This technology provides cost savings, heightened efficiency, and enhanced transparency.
According to VanEck’s perspective, this transition could potentially result in a large portion of the $15 trillion market currently held by conventional financial and technological entities being moved to blockchain alternatives.
VanEck points out that the free cash flows generated from holding ether, based on revenue estimates, are expected to reach a staggering $66 billion by the year 2030. This significant cash influx is likely to propel ether’s value towards its projected target.
Ether is up more than 63% year-to-date.
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2024-06-06 02:34