📅 Standard Chartered predicts approval of Ethereum ETF by May 23rd! 💼

Jeffrey Kendrick argues that the SEC, following the steps of the Bitcoin ETF, will be able to make a positive decision. He foresees a possible rise in the price of Ethereum to $4,000 by the time of approval. 🚀

🛣️ Kendrick emphasizes his confidence in the approval, pointing out that the SEC did not consider Ether as a security. He also predicts that Grayscale Ethereum Trust, if denied conversion to an ETF, will appeal.

🔮 Kendrick expresses optimism about cryptocurrencies, foreseeing Bitcoin reaching $100,000 by the end of the year and $200,000 by 2025. He believes that the infusion of funds into the Bitcoin ETF will support these forecasts.

💹 Unlike Bitcoin, Kendrick does not expect a similar drop in the price of Ethereum after the ETF is approved. It is predicted that Ethereum will be more stable and will not experience the same outflow of funds as Grayscale's Bitcoin Trust for Bitcoin.

🔄 On May 23, the SEC is expected to approve the underlying Ethereum ETFs that track the price of Ethereum. ETFs with additional betting income are predicted to come later and already exist in Europe.

🚀 Kendrick also highlights the impact of upcoming Ethereum upgrades on competitiveness and price. He believes they will help Ethereum keep rewards from being bid high.

How do you assess the prospects of the Ethereum ETF and its impact on the market? 🤔💬 #ETF #Ethereum #Криптовалюта #Write2Earn