Ethereum ETF’news about Ethereum and Bitcoin While it caused significant increases in prices, a new report came from the giant bank Standard Chartered.
Standard Chartered said it expects its spot Ethereum ETFs to be approved this week, leading to inflows of between $15 billion and $45 billion in the first 12 months of the ETFs, The Block reports.
Analysts also say after ETF approval He also predicted that Ethereum will reach $8,000 by the end of 2024.
Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, stated the following in the report:
“We anticipate spot Ethereum ETFs to be approved this week and spot ETFs will generate 2.39-9.15 million Ethereum inflows in the first 12 months after approval.
“In US dollars, this equates to a value of roughly $15 billion to $45 billion.”
Kendrick stated that Ethereum can also keep up with Bitcoin after ETF approval.“Given that we see Bitcoin reaching the $150,000 level by the end of 2024, this increase would mean an $8,000 level for Ethereum.” said.
*This is not investment advice.
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