According to Standard Chartered analysis, the Ethereum (ETH) price may rise to 4 thousand dollars with the impact of the decision regarding spot ETFs.
Standard Chartered analysts review U.S. Securities and Exchange Commission (SEC) filings for spot Ethereum ETF will postpone but just like Bitcoin will eventually approve he thinks.
SEC on applications filed by VanEck and Ark/21Shares for Ethereum ETF A final decision will be made on May 23 will take.
Many analysts in the market expect spot Ethereum ETFs to be approved in May. in the eyes of possibility not looking. Standard Chartered analysts say that the SEC has an interest in Ethereum. Behaving differently than Bitcoin for in the middle “a main reason” He wrote that it was not.
The SEC described it as a security in its lawsuit against Ripple. 67 cryptocurrencies listed its name but did not include Ethereum. And also Futures Ethereum ETFs are currently traded on CME.
Analysts, “As the approval decision, expected to be made on May 23, approaches, we expect ETH prices to follow or outperform Bitcoin (BTC) during this similar period.” said.