SEC to Approve Spot Ethereum ETFs in May: Standard Chartered
A development that could be another landmark decision for the digital asset market, the US Securities and Exchange Commission (SEC) could approve Spot Ethereum ETFs in May, according to Standard Chartered Bank. Indeed, they predict that the approval could come on May 23rd, according to a report from The Block. Additionally, Standard Chartered has forecasted a $4,000 target for Ethereum if approval is granted. Specifically, it notes that the potential value surge if the asset could mimic what occurred with Bitcoin (BTC) before its Spot ETF approval in the United States. Overall, the bank said that the process for Ethereum’s ETF approval will mirror Bitcoin’s journey at the tail end of last year. Also Read: SEC Delays BlackRock Spot Ethereum ETF Standard Chartered Bank Predicts Spot Ethereum ETF Approval in May The digital asset industry experienced a landmark development just ten days into the new year. After months of speculation, the SEC greenlit the creation of...