Report: Bitcoin and Ethereum ETFs are expected to have net inflows of $48 billion and $28.5 billion respectively this year

Odaily reports that Steno Research recently released a report stating that its bullish forecasts for BTC and ETH prices reflect "an unprecedented favorable regulatory environment for cryptocurrencies, a supportive macroeconomic environment marked by declining interest rates and improved liquidity, and the historic strong performance of Bitcoin after the halving." It also said that "in addition, institutional adoption is expected to reach unprecedented levels, and the massive inflow of funds into US Bitcoin and Ethereum ETFs is further driving this trend." Steno estimates that the net inflows of BTC and ETH ETFs will reach $48 billion and $28.5 billion respectively by 2025. The report also states that DApp TVL is expected to exceed $300 billion by 2025, far exceeding the 2021 peak of around $180 billion. Previously, Steno Research reported that Bitcoin's price is expected to rise from around $94,000 to at least $150,000 next year, while ETH's price will more than double from $3,400 to at least $8,000. That is, the ETH/BTC exchange rate will rise from the current 0.0357 to 0.06 within the next 12 months, similar to the price trend of the previous cycle, and Altcoins will become the focus of attention.