Standard Chartered: SEC Will Approve Ethereum ETFs This Week
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Standard Chartered has predicted that the US Securities and Exchange Commission (SEC) will approve spot Ether ETFs by May 24.

This comes as the first round of deadlines for spot Ether ETFs is fast rapidly, with VanEck filing on May 23 and ARK Invest and 21Shares filing on May 24.

The company has changed its stance on the likelihood of approval for spot Ether ETFs, stating just a month ago that it was unlikely.

However, according to Geoff Kendrick, head of FX and digital asset research at Standard Charted, they are now "80% to 90%" confident that the SEC will approve the ETFs this week.

In addition, Kendrick has estimated that expected market inflows into the spot Ether ETFs in their first year could range from 2.39 billion to 9.15 billion Ether, which is roughly equivalent to between $15 billion and $45 billion.

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