Standard Chartered predicts that the SEC will approve a Spot Ethereum ETF, which could attract $15 billion to $45 billion in the first 12 months. They also emphasize that these ETFs could push Ether's price to $8,000 by 2024.
This forecast is very bullish and optimistic. A Spot Ether ETF will be excellent for Ether in the long term. However, in the short term, it's worth noting that Grayscale holds nearly 3 million Ethereum in their Trust. Some selling is likely to occur when transitioning to a Spot ETF, similar to what happened with the Bitcoin Spot ETF.
