Standard Chartered Bank said it expects the SEC to approve Spot Ethereum, resulting in $15 billion to $45 billion inflows into these funds in the first 12 months. They also highlight that ETFs could push ether price to $8K by the end of 2024.
It sounds very bullish and optimistic, and of course Thuan believes that Ether Spot ETF will be very good for Ether in the long term, but in the short term, a gentle reminder that Grayscale has nearly 3 million Ethereum in Trust fund. When switching to Spot ETF, it is likely that there will also be sellers, just like when there is Bitcoin Spot ETF.
