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VanEck Analysts Forecast $22K Ethereum by 2030

Vaneck

Analysts employed by U.S. investment company VanEck, which has applied to establish a spot ether ETF, stated their 2030 price estimate for Ethereum to be $22,000.

Influences Behind the Prediction

We’ve raised our 2030 ETH price target to $22,000, influenced by ether ETF news, scaling progress, and our read of onchain data,” VanEck said to X on Wednesday with a link to the paper written by Matthew Sigel, Patrick Bush, and Denis Zinoviev.

Following their January debut of spot bitcoin ETFs, the company is one of several Wall Street investment managers now looking to issue spot ether ETFs. Last month, the Securities and Exchange Commission (SEC) authorized spot ether ETFs. Purchasers of the exchange-traded funds will gain should the price of the cryptocurrencies rise without having to buy the token themselves. Likewise, as more assets load into the ETFs, sponsors get fee income.

“We expect spot ether ETFs to be approaching acceptance to trade on U.S. stock exchanges,” the VanEck analysts noted in the note. “This development would let institutional investors and financial advisers hold this special asset with the security of qualified custodians and gain from the pricing and liquidity benefits characteristic of ETFs.”

Potential Impact on the Market

Based on K33 Research, once-listed spot Ethereum ETFs could draw between $3.1 billion and $4.8 billion in net inflows over their first five months of trading.

A spokesman for the company said the writers of the VanEck study “have positions in Ethereum directly or via private funds.” The study states, “The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.”

The Ethereum network is likely to continue its fast market share growth from traditional financial market participants and, increasingly, Big Tech,” the paper states. “Should it so maintain its dominant position among smart contract platforms, we see a credible path to $66 billion in free cash flow to token holders supporting a $2.2 trillion asset, or $22,000 per coin, by 2030.”

The base case pricing target of the writers was $22,000. The price forecasts, optimistic and bearish, respectively, were $154,000 and $360,000.

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“We believe ETH is a revolutionary asset with few parallels in the non-crypto financial world. ETH can be thought of as ‘Digital Oil’ because it is consumed by engaging in activity on Ethereum,” the writers also noted.

From around $46,000, Bitcon’s price has climbed 54% to roughly $71,000 since spot bitcoin ETFs started trading in January, The Block Price Page reports. Along with VanEck, top Wall Street companies, including BlackRock and Fidelity, developed spot bitcoin ETFs.

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