In a new report, the worldwide banking corporation Standard Chartered has indicated that if a spot Ethereum (ETH) Exchange Traded Fund (ETF) receives authorization, it could propel the value of the cryptocurrency to $4000. Attaining a value of $4000 from its present price would represent an approximate increase of 70%. Standard Chartered’s analyst Geoff Kendrick predicts that the path of ETH’s value will reflect the historical price movements of Bitcoin (BTC). The cryptocurrency sector achieved a substantial breakthrough when the United States Securities and Exchange Commission sanctioned a series of 11 spot Bitcoin exchange-traded funds. Numerous people expect a ruling akin to the one for Ethereum (ETH) to occur. Also, according to Bloomberg, there is speculation that the SEC might greenlight an Ethereum ETF in May. Standard Chartered’s report suggests that the United States Securities and Exchange Commission could potentially give the green light to an Ethereum-based exchange-traded fund (ETF) that deals in actual ether assets by May 2024. The report suggests that while the SEC could postpone its verdict at first, it is expected to ultimately approve the applications. Kendrick mentions that the expected approval date for the pending applications of ETH U.S. spot ETFs is May 23, which corresponds to the ultimate deadline for the initial ETF being reviewed, akin to the cutoff date in January. Det beløb, der indberettes som udgifter i afsnit 1. Should ETH’s market behavior mirror that of BTC’s prior to the approval of the BTC ETF, it’s conceivable that ETH might reach a trading value around $4,000 by that time.