Although the SEC has put a hold on approving Ether ETFs for now, Standard Chartered remains bullish about the future of the cryptocurrency market.
According to the bank’s original prediction, May was slated to be the approval month. However, analyst Geoff Kendrick has brought up possible obstacles such as the ongoing Uniswap lawsuit and increasing Treasury yields, causing a delay in the timeline.
According to prediction market Polymarket, the probability of Spot Enter ETFs gaining approval by next month is estimated to be around 14%.
Standard Chartered maintains an optimistic outlook, regarding the current market turmoil as a fleeting issue that will soon pass. Despite this, they continue to stand firm with their year-end predictions: Bitcoin at $150,000 and Ethereum at $8,000 by the end of 2021. By 2025, Ethereum is projected to reach an impressive price point of $14,000.
Standard Chartered has changed its stance, predicting that the SEC will probably not authorize Ethereum spot ETFs in the upcoming month based on their most recent research.
— BSCN (@BSCNews) April 23, 2024
At present, Bitcoin is priced at $64,33, marking a 3.40% decrease in value over the past 24 hours. Concerning Ethereum, it is currently trading at $3,144.75 according to the current time, reflecting a 2.43% decline based on recent 1-day price trends.
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Fortress Saga tier list – Ranking every hero
- Castle Duels tier list – Best Legendary and Epic cards
- Mini Heroes Magic Throne tier list
- Grimguard Tactics tier list – Ranking the main classes
- How to Prepare and Dominate the Awakened Hollyberry Cookie Update
- Seven Deadly Sins Idle tier list and a reroll guide
- Cookie Run Kingdom Town Square Vault password
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
2024-04-25 03:32