Standard Chartered: Ether ETF Unlikely to Be Approved in May
Standard Chartered Bank said in its latest report that it is unlikely to approve an exchange-traded fund (ETF) holding ethereum (ETH) near May, according to CoinDesk. Additionally, the bank holds its year-end price target forecasts for Bitcoin Coin and Ether at $150,000 and $8,000, respectively. Despite the recent pressures experienced by the market, Standard Chartered believes that the market is poised for a return to growth. At the same time, the bank notes that inflows into the Bitcoin Spot ETF have decreased due to rising macro risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trader Owen hints at having purchased USELESS, PONS, and MARSCOIN.
U.S. Treasury Can Buy Time With Increased Buyback -- Market Talk
2-Yr Benchmark Govt Yields - Germany vs Other Nations
10-Yr Benchmark Govt Yields - U.S. vs Other Nations
Crypto prices
More
