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Standard Chartered Expects Ethereum Spot ETF To Be Approved This Week, Reiterates Year-End Price Target of $8K

Mary Liu

Summary: Standard Chartered expects the U.S. Securities and Exchange Commission (SEC) to approve an Ethereum spot ETF this week. Geoff Kendrick, head of foreign exchange research and digital asset research at Standard Chartered Bank, said that the Ethereum spot ETF is expected to drive an inflow of 2.39 to 9.15 million ETH in the first 12 ...

Standard Chartered expects the U.S. Securities and Exchange Commission (SEC) to approve an Ethereum spot ETF this week.

Geoff Kendrick, head of foreign exchange research and digital asset research at Standard Chartered Bank, said that the Ethereum spot ETF is expected to drive an inflow of 2.39 to 9.15 million ETH in the first 12 months after its approval, which is equivalent to approximately $15 billion to $45 billion.

Kendrick reiterated that the year-end price target of Ethereum is $8,000, and the price will reach $14,000 by the end of 2025.

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