Standard Chartered: Ethereum ETF Approval Not Likely in May
In what is a reversal from its previous stance, Standard Chartered has said that a Spot Ethereum ETF approval is not likely to arrive in May. Indeed, the bank has recently revised its outlook regarding the ETH investment vehicle and the impending decision from the US Securities and Exchange Commission (SEC). All eyes have been on the digital asset to follow Bitcoin’s Spot ETF approval earlier this year. The SEC had greenlit 11 of the BTC investment vehicles in what has certainly been a beneficial development for the industry. Yet, it doesn’t appear as though Ethereum’s iteration of the product is set to arrive in the coming month. Also Read: Ethereum ETFs To Face Rejection By May, VanEck CEO Claims Standard Chartered Reverses Forecast for Spot Ethereum ETF in May At the start of 2024, the digital asset industry awaited with bated breath the arrival of Spot Bitcoin ETFs in the United States. The inaugural approvals were expected to have an undeniable impac...