According to a recent report by brokerage firm Bernstein, the markets for Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are poised for substantial expansion, projected to reach a staggering $450 billion based on crypto price projections. Analysts Gautam Chhugani and Mahika Sapra elaborated in their research report released on Tuesday, outlining expectations of inflows exceeding $100 billion within the next 18 to 24 months into these crypto ETFs.

The report further anticipates a notable surge in Bitcoin's value, with a projected cycle high of $150,000 by 2025, while setting a year-end price target of $90,000.

The recent approval by the U.S. Securities and Exchange Commission (SEC) of 19b-4 filings for eight spot Ethereum ETF issuers contributed to Ether's remarkable 26% surge last week. Once the S1 filings gain approval, trading for Ethereum ETFs is expected to commence on exchanges.

With Ethereum now officially classified as a commodity rather than a security, Bernstein's report suggests that a significant source of contention surrounding the cryptocurrency has been resolved. The analysts note that Ethereum's approval as a spot ETF marks a milestone as the first proof-of-stake based token to achieve such recognition, hinting at broader implications for blockchain assets. This development is seen as paving the way for other blockchain tokens to potentially follow suit, with particular mention of Solana (SOL) as a beneficiary.

In summary, Bernstein's comprehensive analysis not only forecasts substantial growth in Bitcoin and Ether ETF markets but also highlights the broader implications of Ethereum's regulatory classification and its potential impact on the evolving landscape of blockchain assets.