Analysts working at U.S investment firm VanEck, which has applied to list a spot ether ETF, said they have raised their 2030 price prediction for Ethereum to $22,000. 

"We've raised our 2030 ETH price target to $22,000, influenced by ether ETF news, scaling progress, and our read of onchain data," VanEck posted to X on Wednesday with a link to the report authored by Matthew Sigel, Patrick Bush and Denis Zinoviev.

The firm is one of several Wall Street investment managers now seeking to list spot ether ETFs after successfully launching spot bitcoin ETFs in January. The Securities and Exchange Commission approved spot ether ETFs last month. Investors who purchase the exchange-traded funds will be able to benefit if the cryptocurrency's price appreciates without having to buy the …