$ETH
SEC likely to accept ETH ETFs: Standard Chartered report
British bank Standard Chartered has stated that it expects the US Securities and Exchange Commission (#SEC) to approve its Ether ETFs as well. It was stated that if Ether follows the Bitcoin price movement on this path, the price could reach 4 thousand dollars.
Standard Chartered, a London-based international banking and financial services company, has published a report stating that the SEC will also approve Ether ETFs such as Bitcoin.
"We are waiting for approval on May 23rd" In the report shared with the signature of Geoffrey Kendrick, who is the head of the relevant department of the bank, it was noted that it is highly likely that the pending requests will be accepted as of May 23:
"We expect approval for Ether ETFs in the US on May 23. Just as Bitcoin ETFs were accepted in bulk on January 10, the same will apply to Ether ETFs. If Ether goes the way of Bitcoin, the price of ETH could reach 4 thousand dollars."
Grayscale may appeal again.
"The Grayscale company also owns the Ether fund and wants to convert it into an ETF. The SEC has not yet defined an investment contract for Ether, and if Grayscale's application is rejected, a new appeal case may come from the company to the SEC. It is also important that Ether is listed as a regulated futures contract on the CME. There is no reason for the SEC to view Ether differently from CME.
he is remembered for his predictions of 100 thousand and 200 thousand As it is known, Standard Chartered is remembered for the sound reports it has written on the subject of cryptocurrencies. In a recent report by the company, it was stated that if Bitcoin ETFs are accepted, they can withdraw between $ 50 and $ 100 billion in 2024 alone, which could bring price to Dec. 100 thousand dollars.
Standard Chartered had also made a forecast of 200 thousand dollars for 2025
May 23, 2024 is known as the deadline for ARK-21 Shares' spot Ether ETF application, but experts expect a collective approval month as well as rejection, as in this report.
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