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A Standard Chartered analyst believes that the U.S. Securities and Exchange Commission (SEC) will approve a series of Ethereum ETFs this week. Moreover, he Standard Chartered’s Geoff Kendrick predicts Ethereum ETFs will be approved this week, leading to $15 billion to $45 billion in inflows within a year. The SEC is Standard Chartered has predicted that Ethereum (ETH) could reach $8,000 by the end of this year and $14,000 by 2025. In a research note, the bank's analysts believe Standard Chartered predicts approval of Spot Ethereum ETFs this week, leading to potential price surge. Ethereum price jumped 19% in 24 hours, futures open interest British multinational banking giant Standard Chartered is standing by its $8000 ETH prediction for 2025 as the odds of a long-awaited Ethereum ETF approval have Standard Chartered expects ether ETFs to be approved this week, leading to inflows of between $15 billion and $45 billion in the first 12 months. The bank’s note on

Standard Chartered Predicts Ethereum ETF Approval This Week: Sets Bullish ETH Price Target

Excitement is building around Ethereum as a major player in the financial world, Standard Chartered, predicts imminent approval of a Spot Ethereum ETF. This week could mark a pivotal moment for ETH, potentially triggering a significant price surge.

Standard Chartered\'s Bullish Ethereum ETF Prediction

A Standard Chartered analyst believes that the U.S. Securities and Exchange Commission (SEC) will approve a series of Ethereum ETFs this week. The bank’s note on this development is generating considerable buzz within the crypto community. Standard Chartered predicts approval of Spot Ethereum ETFs this week, leading to potential price surge. Furthermore, Standard Chartered expects ether ETFs to be approved this week, leading to inflows of between $15 billion and $45 billion in the first 12 months.

Ethereum Price Target: $8,000 by End of Year, $14,000 by 2025?

Standard Chartered has predicted that Ethereum (ETH) could reach $8,000 by the end of this year and $14,000 by 2025. This optimistic outlook is largely fueled by the anticipated ETF approval and the subsequent influx of capital. In a research note, the bank\'s analysts believe the approval is highly likely. British multinational banking giant Standard Chartered is standing by its $8000 ETH prediction for 2025 as the odds of a long-awaited Ethereum ETF approval have increased dramatically.

Potential Inflows and Market Impact

Standard Chartered’s Geoff Kendrick predicts Ethereum ETFs will be approved this week, leading to $15 billion to $45 billion in inflows within a year. The SEC is closely watched, and market participants are eagerly awaiting the final decision. The potential approval is already impacting the market, with the Ethereum price jumping 19% in 24 hours and futures open interest significantly increasing.

Key Takeaways: Standard Chartered and Ethereum ETF Approval

  • Standard Chartered anticipates SEC approval of Ethereum ETFs this week.
  • The bank projects potential inflows of $15-$45 billion into Ethereum ETFs within the first year.
  • Standard Chartered maintains its price target of $8,000 for ETH by the end of 2024 and $14,000 by 2025.

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