Posted 1/30/2024, 7:24:11 PM
SEC Expected to Approve Ethereum ETFs in May, Potentially Boosting ETH Price
- Ethereum ETFs likely to be approved by SEC in May, potentially causing ETH price to double to $4,000
- Firms like BlackRock seeking approval for spot ETH ETFs to provide investor exposure without needing to directly buy/store
- Approval likely since SEC hasn't deemed ETH a security, while CFTC has said it's a commodity
- Comes after SEC approved Bitcoin ETFs in January, which have seen success
- Standard Chartered predicts ETH could still hit $100,000 per coin by end of 2024