BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Ethereum ETFs Delayed: Standard Chartered Revises May Approval Forecast

by Sham
April 23, 2024
in Crypto, Finance, Opinion
A A
Ethereum ETFs Delayed: Standard Chartered Revises May Approval Forecast
1
SHARES
Share on TwitterShare on Reddit

• Ether ETFs Are Unlikely to Be Approved in May: Standard Chartered
• The bank reiterated its year-end bitcoin and ether targets of $150,000 and $8,000, respectively
• Cookies are used for various purposes like advertising, analytics, and functionality on the website

Standard Chartered recently reiterated its year-end bitcoin and ether targets of $150,000 and $8,000, respectively. The bank believes ether ETFs are unlikely to be approved in May.

JUST IN: Standard Chartered Bank no longer expects a U.S. Ethereum ETF approval in May

But here are their year-end predictions 👇

• #Bitcoin $BTC: $150,000

• Ethereum $ETH: $8,000

Do you agree?

— BlockNews.com (@blocknewsdotcom) April 23, 2024

Background

The SEC has been slow to approve cryptocurrency ETFs due to concerns around volatility, liquidity, custody and potential manipulation in crypto markets. Several companies, including VanEck and Valkyrie, have applied to launch ether ETFs.

Standard Chartered’s Analysis

Standard Chartered analysts said the recent crypto market turmoil makes it even less likely that the SEC will approve an ether futures ETF in the coming months. The analysts believe the SEC will be cautious and wait for more regulatory clarity.

Approval of spot bitcoin and ether ETFs may also be delayed until later this year or 2023. Standard Chartered believes these spot crypto ETFs have a higher chance of being approved after bitcoin and ether futures ETFs start trading.

Bitcoin and Ether Price Targets

Despite regulatory delays for ETFs, Standard Chartered kept its bullish year-end price targets for bitcoin and ether. The bank expects greater adoption of bitcoin and ether as payment mechanisms to drive prices higher.

Standard Chartered predicts bitcoin will reach $150,000 and ether will climb to $8,000 by year-end 2022.

Conclusion

While crypto ETF approvals may be further postponed, Standard Chartered remains optimistic on bitcoin and ether’s long-term growth prospects. The bank reiterated ambitious price targets based on expectations for wider adoption. Regulatory approval of crypto ETFs would likely accelerate adoption and inflows.

Tags: BitcoinEthereum ETFssecStandard CharteredVanEck
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

$300 Million in Crypto Liquidated as Trump Revives Tariff Threats: Sell or Buy the Blood?
Bitcoin

$300 Million in Crypto Liquidated as Trump Revives Tariff Threats: Sell or Buy the Blood?

May 23, 2025
Bitcoin Dumps Sparks Massive Crypto Liquidations: Here is What Happened
Bitcoin

Bitcoin Dumps Sparks Massive Crypto Liquidations: Here is What Happened

May 23, 2025
Trump SLAMS EU with Tariff Threats as Trade Talks Fail to Progress: Here is What You Need to Expect
Finance

Trump SLAMS EU with Tariff Threats as Trade Talks Fail to Progress: Here is What You Need to Expect

May 23, 2025
Trumps Threatens EU With 50% Tariffs: How Will This Affect Markets?
Finance

Trumps Threatens EU With 50% Tariffs: How Will This Affect Markets?

May 23, 2025
Analysts Predict VET Surge to $0.15 Following Bridge Launch: What You Need to Know
Crypto

Analysts Predict VET Surge to $0.15 Following Bridge Launch: What You Need to Know

May 22, 2025
Shiba Inu Retirement Plan: How 13 Million SHIB Could Net $1M by 2040
Crypto

Shiba Inu Retirement Plan: How 13 Million SHIB Could Net $1M by 2040

May 22, 2025
Load More

Related News

$300 Million in Crypto Liquidated as Trump Revives Tariff Threats: Sell or Buy the Blood?

$300 Million in Crypto Liquidated as Trump Revives Tariff Threats: Sell or Buy the Blood?

May 23, 2025
Bitcoin Dumps Sparks Massive Crypto Liquidations: Here is What Happened

Bitcoin Dumps Sparks Massive Crypto Liquidations: Here is What Happened

May 23, 2025
Trump SLAMS EU with Tariff Threats as Trade Talks Fail to Progress: Here is What You Need to Expect

Trump SLAMS EU with Tariff Threats as Trade Talks Fail to Progress: Here is What You Need to Expect

May 23, 2025
Trumps Threatens EU With 50% Tariffs: How Will This Affect Markets?

Trumps Threatens EU With 50% Tariffs: How Will This Affect Markets?

May 23, 2025
Analysts Predict VET Surge to $0.15 Following Bridge Launch: What You Need to Know

Analysts Predict VET Surge to $0.15 Following Bridge Launch: What You Need to Know

May 22, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.