VanEck Predicts Ethereum Could Hit $22,000 in 6 Years

Analysts at VanEck, a US investment firm that has applied for a spot Ether ETF listing, have increased their prediction for Ethereum’s price in 2030. In a post on X, they shared a link to their report written by Matthew Sigel, Patrick Bush, and Denis Zinoviev, stating that they have raised their target to $22,000.

This is influenced by the news of a potential Ether ETF approval, advancements in scalability, and their analysis of onchain data. The firm is among other Wall Street investment managers vying to launch spot Ether ETFs, following the success of spot Bitcoin ETFs in January.

The Securities and Exchange Commission recently approved spot Ether ETFs, which would allow investors to benefit from the appreciation of the cryptocurrency’s price without directly purchasing the token.

At the same time, ETF sponsors would earn fees as more assets are invested into their funds. The VanEck analysts believe that spot Ether ETFs are close to being approved for trading on US stock exchanges.