Cryptocurrencies
Ethereum ETF Approval Expected in May, Standard Chartered Predicts
- ETH is projected to hit $4,000 by the expected approval date
- ETF selloffs would likely be milder than BTC post-approval
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The US Securities and Exchange Commission is likely to allow exchange-traded funds to hold the cryptocurrency Ethereum in May, Standard Chartered Plc. predicts.
May 23 is the last date by which the agency must consider ETF applications from VanEck and Ark 21Shares, the bank said in a research report Tuesday. The asset managers will be the first to come up against the final deadline.