✅ Standard Chartered predicted Ethereum-ETF approval in May
The US Securities and Exchange Commission (SEC) will approve Ethereum-ETFs by the end of May this year, according to analysts at Standard Chartered bank.
In addition, experts predicted that in the first year after the approval of these products, between $15 billion and $45 billion will flow into them, and the Ethereum exchange rate will rise to $8,000 by the end of the year.
The SEC also asked representatives of the NASDAQ and CBOE stock exchanges to make changes to the applications for Ethereum-ETFs. Experts believe this is a positive signal that may indicate the imminent approval of the new asset class, Reuters writes.
⚡️10x Research: 90% probability - SEC will approve spot Ethereum ETFs today.
