Standard Chartered Bank: Ethereum ETF expected to be approved in May, Ether price may rise to $4,000.
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Standard Chartered Bank predicts that the U.S. Securities and Exchange Commission (SEC) may approve an Ethereum ETF in May. According to Standard Chartered Bank's forecast, the price of Ether is expected to rise to $4,000 before the anticipated approval date. Previously, Bitcoin experienced a significant sell-off after the approval of ETFs, but Standard Chartered Bank believes that Ethereum is likely to avoid this situation. Ether is the second-largest cryptocurrency after Bitcoin, with a market capitalization of approximately $285 billion. The current trading price is around $2,350.
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