First Bitcoin and now ETH ETFs: Where is the market headed next?

Kaiko projects Ethereum's spot ETFs to surpass Bitcoin, aiming for $5,000 by 2024 with ETH trading near $4,000. The TVL, led by Arbitrum, is $47 billion. The Pectra upgrade and EIP-3074 will enhance wallet recovery. VanEck foresees a $1 trillion Layer 2 valuation. January's Bitcoin ETFs attracted $50 billion, boosting Ethereum investments and legitimacy.