Standard Chartered: SEC May Approve Spot Ether ETF on 23 May, Potential $4,000 ETH Price Target

2024/01/30 16:18

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Standard Chartered expects SEC approval of spot ethereum ETFs on 23 May Geoffrey Kendrick, Head of FX at Standard Chartered, said, "We expect pending applications to be approved on 23 May, which is the final cut-off date for the first batch of ETFs under consideration and is equivalent to the 10 January for spot bitcoin ETFs. " The bank also predicts a potential target of $4,000 for ETH if it mimics BTC's pre-approval performance.

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