Ethereum

Standard

Coin

<ul class="news-points">
 <li><strong>Standard Chartered forecasts Ethereum hitting $8,000 by year-end, anticipating imminent SEC approval of Ethereum ETFs.</strong></li>
 <li><strong>Ethereum ETF approval could attract $15B-$45B in the first year, mirroring Bitcoin’s ETF impact and driving significant price growth.</strong></li>
 <li><strong>SEC progress on Ethereum ETFs has raised approval odds from 25% to 75%, sparking above 21%&nbsp; price surge to $3,760.17 in 24 hours.</strong></li>
</ul>
<p>Standard Chartered, a renowned financial institution, has upheld its projection of <a href="https://coinedition.com/sec-wants-ethereum-etf-fixes-sign-of-crypto-going-mainstream/" rel="noopener noreferrer nofollow">Ethereum</a> hitting $8,000 by year-end. It anticipates the approval of Ethereum ETFs in the coming weeks. Geoff Kendrick, the Head of FX Research and Digital Assets Research at Standard Chartered, expressed confidence in a forthcoming green light from the SEC for Ethereum ETFs.</p>
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   <p lang="en" dir="ltr">Standard Chartered analyst Geoff Kendrick expects the ETH SPOT ETF to be approved this week, leading to inflows of $15 billion to $45 billion in the first 12 months, ETF could push ETH to $8,000 by the end of 2024. Bitcoin will reach $150,000 by the end of 2024.…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1792878433367924854?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 21, 2024</a>
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<p>Kendrick disclosed that the bank estimates a substantial influx of 15-45 billion dollars within the initial 12 months; p…</p>
<p>The post <a href="https://coinedition.com/standard-chartered-predicts-ethereum-reaching-8000-amid-upcoming-etf-approval/" rel="noopener noreferrer nofollow">Standard Chartered Predicts Ethereum Reaching $8,000 Amid Upcoming ETF Approval.</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Standard Chartered Predicts Ethereum Reaching $8,000 Amid Upcoming ETF Approval.

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