VanEck has established a bold new price target for Ether (ETH), the primary token of the Ethereum protocol, projecting that it will soar to $22,000 by 2030. This forecast marks a significant increase from its current price of approximately $3,850. The global investment firm had previously suggested that Ether ETFs could outstrip their Bitcoin equivalents in terms of market size.

In its most recent report dated June 5, VanEck attributed this optimistic prediction to Ethereum’s disruptive capabilities and the revenue it generates for token holders. The firm’s thorough analysis underscores Ethereum’s influence in various sectors such as finance, banking, payments, marketing, advertising, social media, gaming, infrastructure, and artificial intelligence. VanEck believes that the approval of Ether ETFs, alongside on-chain data analysis, supports their forecast.

“We foresee that spot Ether ETFs are on the verge of approval for trading on U.S. stock exchanges,” the report noted. “This development would allow financial advisors and institutional investors to securely hold this unique asset with qualified custodians, while benefiting from the pricing and liquidity advantages associated with ETFs.”

According to VanEck, the driving force behind Ether’s projected surge to $22,000 is Ethereum-based technology’s ability to deliver cost savings, efficiency, and transparency. The firm suggests that this shift could potentially shift significant market share from traditional financial and tech institutions, which have a combined total available market of $15 trillion, to blockchain-based solutions. The report also forecasts that free cash flows from revenue generated by holding Ether will reach $66 billion by 2030, further bolstering its projected valuation.

Ether has experienced a more than 63% increase year-to-date according to data from CoinMarketCap. Ryan Sean Adams, co-founder of Bankless, highlighted that despite lower user numbers, the Ethereum blockchain generates three times more in fees than the top Layer 2 networks and Solana combined, calling it a “modern miracle” in a post on June 6.

Layer 2 solutions pay Ethereum fees to settle transactions on the main chain and benefit from its security. VanEck’s proposed spot Ether ETF, already identified by the ticker symbol “ETHV” and listed on the Depository Trust and Clearing Corporation (DTCC), is currently inactive and awaits regulatory approval. Last month, Crypto asset trading firm QCP Capital predicted a potential 60% surge in Ethereum’s price, pushing it to around $6,000 if a spot ETF is approved. This bullish outlook coincides with research firm Bernstein’s observation that the sustained demand influx seen by Bitcoin ETFs post-approval would likely lead to similar price action for Ethereum.

According to data from crypto.news’s price page, Bitcoin (BTC) saw a 66% surge from around $44,300 to a peak of $73,700 within two months following ETF approval.

VanEck has established a bold new price target for Ether (ETH), the digital currency native to the Ethereum network, predicting that it will soar to $22,000 by the year 2030. This projection marks a significant increase from its current value of approximately $3,850. The global investment firm had previously speculated that Ether exchange-traded funds (ETFs) could outpace their Bitcoin counterparts in terms of market size.

In its most recent report released on June 5, VanEck attributed this optimistic forecast to Ethereum’s innovative capabilities and the revenue it generates for token holders. The firm’s in-depth analysis showcases Ethereum’s influence in various sectors, such as finance, banking, payments, marketing, advertising, social media, gaming, infrastructure, and artificial intelligence. VanEck believes that the approval of Ether ETFs, combined with on-chain data analysis, bolsters their prediction.

“We anticipate that spot Ether ETFs are on the verge of being approved for trading on U.S. stock exchanges,” the report stated. “This milestone would allow financial advisors and institutional investors to securely hold this unique asset with qualified custodians, while benefiting from the pricing and liquidity advantages that ETFs offer.”

According to VanEck, Ethereum’s potential to reach $22,000 is driven by its technology’s ability to lower costs, enhance efficiency, and increase transparency. The firm suggests that this shift could potentially redirect a significant portion of market share from traditional financial and tech institutions, which collectively have an available market worth $15 trillion, towards blockchain-based solutions. The report also predicts that the revenue generated from holding Ether will result in free cash flows of $66 billion by 2030, further supporting their valuation.

Ether has experienced a more than 63% increase in value year-to-date, according to data from CoinMarketCap. Analysts anticipate that Ethereum Layer 2 networks could surpass $1 trillion in the next six years, as reported on crypto.news.

Ryan Sean Adams, a co-founder of Bankless, highlighted in a June 6 post that despite having fewer users, the Ethereum blockchain generates three times more in fees than the top Layer 2 networks and Solana combined. Adams described this as a “modern miracle.”

Layer 2 solutions pay Ethereum fees to settle transactions on the main chain and benefit from its security. VanEck’s proposed spot Ether ETF, known by the ticker symbol “ETHV” and listed on the Depository Trust and Clearing Corporation (DTCC), is currently inactive pending regulatory approval.

Last month, Crypto asset trading firm QCP Capital predicted a potential 60% surge in Ethereum’s value, pushing it to around $6,000 if a spot ETF is given the green light. This optimistic outlook aligns with that of research firm Bernstein, which suggested that the sustained demand seen post-approval for Bitcoin ETFs could lead to similar price movements for Ethereum.

Historical data from crypto.news’s price page indicates that Bitcoin (BTC) experienced a 66% increase from around $44,300 to a peak of $73,700 within two months following ETF approval. Ethereum is now eyeing $4,100 ahead of the potential introduction of Spot Ethereum ETFs for trading, as ETFSwap gains traction.

VanEck has established a new target price for Ethereum’s native token, Ether (ETH), forecasting that it will reach $22,000 by 2030. This prediction signifies a significant increase from its current value of approximately $3,850. The global investment firm had previously speculated that Ether ETFs could surpass Bitcoin ETFs in terms of market size.

In its latest report on June 5, VanEck attributed this bullish forecast to Ethereum’s disruptive capabilities and the revenue it generates for token holders. The firm’s in-depth analysis showcases Ethereum’s influence across various industries such as finance, banking, payments, marketing, advertising, social media, gaming, infrastructure, and artificial intelligence. VanEck believes that the approval of Ether ETFs, along with on-chain data analysis, supports their outlook.

“We expect that spot Ether ETFs are on the verge of being approved for trading on U.S. stock exchanges,” the report stated. “This development would allow financial advisors and institutional investors to securely hold this unique asset with qualified custodians, while benefiting from the pricing and liquidity advantages associated with ETFs.”

VanEck highlights the disruptive potential of Ethereum-based technology to deliver cost savings, increased efficiency, and enhanced transparency, potentially capturing market share from traditional financial and tech institutions with a combined total addressable market of $15 trillion. The report also predicts that free cash flows from revenue generated by holding Ether will reach $66 billion by 2030, further bolstering its projected valuation.

Ether has seen a more than 63% increase year-to-date according to data from CoinMarketCap. Ryan Sean Adams, co-founder of Bankless, pointed out that despite lower user numbers, the Ethereum blockchain generates three times more in fees than the top Layer 2 networks and Solana combined, describing it as a “modern miracle” in a post on June 6.

VanEck’s proposed spot Ether ETF, denoted by the ticker symbol “ETHV” and listed on the Depository Trust and Clearing Corporation (DTCC), is currently inactive and awaiting regulatory approval. Last month, QCP Capital, a crypto asset trading firm, predicted a potential 60% surge in Ethereum’s price, reaching around $6,000 if a spot ETF is approved. This optimistic outlook is in line with research firm Bernstein’s observation that the demand inflow following Bitcoin ETF approvals could lead to similar price movements for Ethereum.

According to data from crypto.news, Bitcoin (BTC) surged 66% from around $44,300 to a peak of $73,700 within two months following ETF approval. ETH is eyeing $4,100 ahead of Spot Ethereum ETFs trading as ETFSwap gains traction.

VanEck has established a new target price for Ether (ETH), the primary token of the Ethereum protocol, forecasting that it will hit $22,000 by 2030. This prediction signifies a significant increase from its current price of approximately $3,850. The global investment firm had previously projected that Ether ETFs could outpace Bitcoin ETFs in terms of market size.

In its most recent report dated June 5, VanEck attributed this optimistic forecast to Ethereum’s disruptive capabilities and the revenue it generates for token holders. The firm’s comprehensive analysis showcases Ethereum’s influence across various sectors such as finance, banking, payments, marketing, advertising, social media, gaming, infrastructure, and artificial intelligence. VanEck believes that the approval of Ether ETFs, combined with on-chain data analysis, supports their forecast.

“We foresee that spot Ether ETFs are close to being approved for trading on U.S. stock exchanges,” the report mentioned. “This advancement would allow financial advisors and institutional investors to securely hold this unique asset with qualified custodians, while benefiting from the pricing and liquidity advantages typical of ETFs.”

According to VanEck, the driving force behind Ether’s rise to $22,000 is Ethereum-based technology’s capacity to provide lower costs, increased efficiency, and enhanced transparency. The firm suggests that this shift could potentially transfer a significant market share from traditional financial and tech institutions, with a combined total available market of $15 trillion, to blockchain-based solutions. The report also forecasts that free cash flows from revenue generated by holding Ether will reach $66 billion by 2030, further reinforcing its projected valuation. Year-to-date data from CoinMarketCap shows that Ether has surged by over 63%.

Ryan Sean Adams, co-founder of Bankless, pointed out that despite lower user numbers, the Ethereum blockchain generates three times more in fees than the top Layer 2 networks and Solana combined. He referred to it as a “modern miracle” in a post on June 6. Layer 2 solutions pay Ethereum fees to settle transactions on the main chain and benefit from its security.

VanEck’s proposed spot Ether ETF, with the ticker symbol “ETHV” already listed on the Depository Trust and Clearing Corporation (DTCC), currently remains inactive pending regulatory approval. Last month, Crypto asset trading firm QCP Capital forecasted a potential 60% surge in Ethereum’s price, pushing it to approximately $6,000 if a spot ETF is given the green light. This optimistic outlook aligns with research firm Bernstein’s perspective, suggesting that the demand inflow observed by Bitcoin ETFs post-approval could result in similar price movements for Ethereum.

Based on data from crypto.news’s price page, Bitcoin (BTC) surged by 66% from around $44,300 to a peak of $73,700 within two months following ETF approval. ETH is eyeing $4,100 ahead of Spot Ethereum ETFs trading as ETFSwap gains traction.