Standard Chartered Bank is voicing a positive outlook regarding the potential for a spot Ethereum ETF to gain approval by May, an anticipation spurred by the benchmarks set by the introduction of a spot Bitcoin ETF.
Drawing parallels to the spot Bitcoin ETF's journey, Standard Chartered's optimism is not just centered on the approval but also harbors expectations for Ethereum's price trajectory post-ETF approval, pointing to a favorable market response similar to Bitcoin's ETF inception.