$BTC $ETH Currently on the official website of the American Depository Trust and Clearing Corporation (DTCC), you can already see the relevant information and stock codes of 8 Ethereum spot ETFs. These ETF products are planned to be listed on Nasdaq, New York Stock Exchange Arca and the Chicago Board Options Exchange BZX exchange.
Geoff Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, recently said in an interview with the foreign media "The Block" that Standard Chartered expects Bitcoin to hit a record high this weekend (25-26), breaking through the record high just on March 14 this year. Hitting an all-time high of 73,798, the bank also predicted that Bitcoin ($BTC) will reach $150,000 by the end of the year, noting that Ethereum is likely to follow Bitcoin and reach a peak of $8,000 before the end of 2024.
Standard Chartered Bank makes a U-turn! The adoption rate of Ethereum spot ETF is high, and it is predicted to reach "this point" by the end of the year
There is still “one thing” to be completed before going public
While news of the passage is exciting for the crypto community, it needs to be clear that major investment firms such as Grayscale, BlackRock, Fidelity, and VanEck must continue to submit and revise plans despite the SEC’s approval of Form 19b-4 (change of rules) , until the S-1 form is finally approved, all ETF products still cannot be officially listed for trading.
It is reported that the SEC has begun actively discussing the S-1 form with a number of ETF issuing companies, but the time has not yet been determined. Bloomberg ETF analyst James Seyffart pointed out that the SEC's approval of the S-1 document may take as short as 2 weeks or as long as 3 months. time, after which Ethereum spot ETF trading can begin.