Investment firm VanEck raises 2030 Ethereum price forecast to $22,000 and seeks approval for a spot Ether ETF.

Investment firm VanEck has increased its Ethereum (ETH) price forecast for 2030 to $22,000, up from $16,000 previously, citing potential of ETFs, Ethereum's scaling progress, and on-chain data analysis. VanEck is seeking approval for a spot Ether ETF, which could attract $3.1-4.8bn in inflows during first five months of trading. Ethereum's market share growth and its leading role among smart contract platforms are expected to contribute to a $2.2tn asset.

June 05, 2024
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