While the crypto community seems thrilled with Standard Chartered’s revised Bitcoin year-end price forecast, the investor sentiment seems divided as the UK-based bank stands firm on its Ethereum price prediction.
Approval by May 23, estimating significant $15-45 billion inflows within the first year. Meanwhile, projections suggest a bullish trajectory for Ethereum’s price, with forecasts of $8,000 by 2024 and $14,000 by 2025.
Spot Ethereum ETF Approval Outlook
Standard Chartered Bank’s Geoffrey Kendrick, Head Crypto Research and EM FX West at Standard Chartered, has been optimistic regarding the approval of spot Ethereum ETFs by May 23 this year, despite dissenting views in the market.
Kendrick’s non-consensus perspective regarding the potential approval of spot Ethereum ETFs is backed by his belief in the SEC’s treatment of Ethereum and recent developments in the…
