Standard Chartered: SEC may approve spot Ethereum ETF on May 23, potential target price for ETH is $4000

ChainCatcher news, Standard Chartered Bank expects the SEC to approve the spot Ethereum ETF on May 23. Standard Chartered's head of foreign exchange, Geoffrey Kendrick, stated, "We expect the pending applications to be approved on May 23, which is the final deadline for the first batch of ETFs under consideration, equivalent to the January 10 date for the spot Bitcoin ETF." The bank also predicts that if ETH mimics BTC's pre-approval performance, its potential target could reach $4,000.