Standard Chartered predicted an increase in the price of Ethereum to $4 thousand.
British bank Standard Chartered Bank predicts that the Securities and Exchange Commission (SEC) will approve spot ETFs on Ethereum in May, reports Bloomberg. Against this background, the price of the second cryptocurrency by capitalization may reach $4 thousand.
The bank believes the SEC will follow the same strategy it used in approving spot Bitcoin ETFs, first rejecting the applications and then, once the final approval deadline approaches, approving them on May 23. This date appears as the final approval date for applications from asset managers VanEck and ARK/21Shares.
