If the ETH ETF is approved in May, the price of Ethereum could reach $14,000 by 2025, Standard Chartered said.

Standard Chartered said that if an Ethereum exchange-traded fund (ETF) is approved in May, the price of Ethereum could surge more than 300% to $14,000 by the end of 2025.

And the approval of such a product could cause the price of ETH to surge to $8,000 this year, the bank said. Geoffrey Kendrick, head of forex and cryptocurrency research, said in a note dated March 18: Ethereum was trading at $3,248 as of 10:06 AM EST.

Ethereum is “between two important events” that could increase its value. Recently released Dencun upgrades and capabilities ETH ETF OK, he said

Asset management giant applies to launch Ethereum ETF

fund manager Several companies, including BlackRock and Fidelity, have filed lawsuits with the Securities and Exchange Commission (SEC).secretary) ETH ETF is launched. If approved, these investment products will provide existing investors with a more familiar way to purchase cryptocurrencies.

This could lead to a surge in inflows into ETH, with Kendrick estimating between $15 and $25 billion within the first 12 months after approval.

The launch of the Dencun upgrade earlier this month is also an optimistic fundamental development as it is expected to reduce transaction costs on Ethereum. Kendrick said this makes the network “more competitive.”

There is no benefit to Gary Gensler giving his approval to the ETH ETF

While Standard Chartered believes an ETH ETF will be approved soon, investment bank TD Cowen is of the opinion that such an investment product will not be approved until late 2025 or early 2026.

📢 Approval of a spot Ethereum ETF ‘will likely not be until late 2025 or early 2026,’ says investment bank TD Cowen.#Ethereum ETF #Ethereum #ETH #Cryptocurrency pic.twitter.com/Cj9RFVyYVU

— BNB Swap (@BNBSwap) January 30, 2024

“There is no upward movement. secretary Chairman Gary Gensler will approve a spot Ethereum ETF,” TD Cowen Washington Research Group analysts led by Jaret Seiberg said in a January 29 note.

Analysts added that delaying the approval of the ETH ETF would be a “political demand.” This is because of how “angry” progressive Democrats are after the SEC approved a spot Bitcoin ETF earlier this year.

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