Bitcoin ETF issuer VanEck made a staggering price prediction for Ethereum.

A recent report by VanEck includes price expectations for Ethereum. The company predicts that the price of Ethereum will reach $22,000 by 2030.

The report states that the factors that will carry Ethereum to $22,000 are the ability of Ethereum-based technology to offer lower costs, increased efficiency, and greater transparency.

VanEck also noted that the free cash flow generated from holding Ethereum will reach $66 billion by 2030, which will contribute to achieving the expected valuation of Ethereum.

Ethereum forecast upgraded

The company's price forecast for Ethereum was at lower levels, but significant event flows such as the spot Ethereum ETF news led to an increase in this expectation.

The report written by Matthew Sigel, Patrick Bush includes the following statements:

We raised our 2030 ETH price target to $22,000, influenced by Ether ETF news, scaling progress, and on-chain data. The ETF development will enable financial advisors and institutional investors to hold this unique asset with the security of qualified custodians and benefit from the characteristic pricing and liquidity advantages of ETFs.