Ethereum Could Reach $10K–$15K on Staking ETFs and Deflationary Supply

Published: 2025-07-15 07:41:03 |

EMJ Capital founder Eric Jackson argues that approval of staking-enabled spot Ethereum ETFs could transform ETH into an institutional-grade yield asset, driving significant passive inflows by offering up to 3.5% yield. Combined with post-Merge deflationary tokenomics, a reduced circulating supply may spark a structural supply crunch. Jackson now predicts a base case of $10,000 by the end of the current cycle and a bull case above $15,000 if Layer-2 adoption and ETF inflows exceed expectations. In the longer term, he envisages a potential peak of $1.5 million per ETH if corporate use and crypto payments surge. Ethereum currently trades around $3,045, up 19.5% over the past week and 86.7% over three months. Critics point to Solana’s Cboe-listed staking ETF yielding 7.3% and question Ethereum’s legacy tech.

Bullish

The approval of staking-enabled spot Ethereum ETFs is seen as a bullish catalyst for ETH. In the short term, ETF listings and institutional yield products can trigger passive capital inflows, supporting price rallies. Combined with deflationary tokenomics post-Merge, reduced supply adds upward pressure. Over the medium to long term, growing Layer-2 adoption and corporate integration could further tighten supply and boost demand, reinforcing a sustained uptrend. Historical parallels with Bitcoin ETF approvals suggest significant market rotation into ETH, underpinning continued bullish momentum.