GBTC - Standard Chartered Expects Ethereum ETFs Approval By May 23 Predicts $4k Price Target | Benzinga
Standard Chartered expects the Securities and Exchange Commission (SEC) to handle spot Ethereum (CRYPTO: ETH) ETF applications in the same way it handled Bitcoin (CRYPTO: BTC) ones and approve pending applications by May 23.
In a research report released Tuesday, Standard Chartered also predicted the price of Ether to spike up to $4000 by then if it performs similarly to BTC in the run-up to the ETF approvals.
Furthermore, it stated that the slowdown in Grayscale Bitcoin Trust (OTC: GBTC) selling in the past few sessions should also help revive the BTC price ...