News Explorer — Standard Chartered Projects Ethereum ETF Approval by May 2024, Potentially Boosting ETH's Value to $4,000

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Jan 30, 7:24 pm

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Standard Chartered Projects Ethereum ETF Approval by May 2024, Potentially Boosting ETH's Value to $4,000

Standard Chartered predicts that exchange-traded funds (ETFs) for Ethereum (ETH) will be approved by the U.S. Securities and Exchange Commission (SEC) in May. The bank expects the approval to lead to a surge in ETH's value, potentially reaching $4,000. This comes as high-profile firms, including BlackRock, propose their own spot ETH ETFs to provide investors with exposure to the digital asset.

Standard Chartered predicts that exchange-traded funds (ETFs) for Ethereum (ETH) will be approved by the U.S. Securities and Exchange Commission (SEC) in May. The bank expects the approval to lead to a surge in ETH's value, potentially reaching $4,000. This comes as high-profile firms, including BlackRock, propose their own spot ETH ETFs to provide investors with exposure to the digital asset.

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