Global investment firm VanEck has set an ambitious price target for Ether (ETH), predicting it will reach $22,000 by 2030. This forecast marks a significant rise from its current price of approximately $3,850.

VanEck's latest report, published on June 5, attributes this optimistic outlook to Ethereum’s disruptive capabilities and the cash flow it generates for token holders. The firm previously speculated that Ether ETFs could surpass Bitcoin ETFs in market size.

The comprehensive analysis by VanEck highlights Ethereum’s broad impact across various sectors, including finance, banking, payments, marketing, advertising, social media, gaming, infrastructure, and artificial intelligence. VanEck believes that the impending approval of Ether ETFs, combined with on-chain data analysis, supports their prediction.

“We anticipate that spot Ether ETFs are nearing approval to trade on U.S. stock exchanges,” the report stated. “This development would enable financial advisors and institutional investors to hold this unique asset securely with qualified custodians, while benefiting from the pricing and liquidity advantages characteristic of ETFs.”

VanEck underscores Ethereum-based technology's potential to deliver lower costs, more efficiency, and greater transparency, which could shift significant market share from traditional financial and tech institutions to blockchain-based solutions. These institutions have a combined total available market of $15 trillion.

The report also forecasts that free cash flows from revenue derived by holding Ether will reach $66 billion by 2030, further supporting its projected valuation. Ether has already climbed more than 63% year-to-date, according to data from CoinMarketCap.

Ryan Sean Adams, co-founder of Bankless, highlighted in a June 6 post 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.”

VanEck’s proposed spot Ether ETF, under the ticker symbol “ETHV,” is listed on the Depository Trust and Clearing Corporation (DTCC) but remains inactive, awaiting regulatory approval.

Other analysts share VanEck's bullish outlook. Last month, QCP Capital predicted a potential 60% rally in Ethereum’s price, pushing it to around $6,000 if a spot ETF is approved. This aligns with Bernstein's research, which noted that the sustained demand inflow seen by Bitcoin ETFs post-approval would likely result in similar price action for Ethereum.

Bitcoin (BTC) surged 66% from around $44,300 to a peak of $73,700 within two months following ETF approval, according to data from crypto.news’s price page. VanEck expects similar market dynamics to benefit Ethereum, supporting their $22,000 price target by 2030.