4 months ago
1 min read
Standard Chartered predicts SEC’s approval of Ethereum ETFs by May 23
Standard Chartered Bank’s Head of Forex and Digital Assets Research predicts that the US SEC will approve Ethereum exchange-traded funds (ETFs) by May 23. Drawing parallels with the SEC’s approach to Bitcoin ETFs, where initial rejections were followed, Geoffrey Kendrick, the expert behind the forecast, believes Ethereum’s price will rise to $4,000 following the ETF approval. This optimism comes from Ethereum’s unique classification by the SEC, which avoids the security label, and its listing on the Chicago Mercantile Exchange. Kendrick’s optimistic outlook extends beyond ETH, as he sees BTC reaching $100,000 by the end of the year and $200,000 by
