SCB Silver Bullish prediction that SEC will approve Ethereum spot ETF in May

9 months ago 45

Divided opinions and opinions after next year

Standard Chartered Bank (SCB), a major British bank, predicts that the SEC is likely to approve an Ethereum spot ETF in May. This contrasted with the bearish view of US investment bank TD Cowen.

Jeffrey Kendrick, head of foreign exchange and digital assets research at SCB, said in a report on Tuesday: “We expect pending applications for a U.S. Ethereum spot ETF to be approved by the original closing deadline of May 23. “If the ETH price performs similar to the performance of the BTC price leading up to the Bitcoin spot ETF approval, ETH could trade as high as $4,000 by then.”

Kendrick based his approval on the fact that the SEC has not classified ETH as a security in legal actions it has taken against crypto companies, and that ETH futures have already been listed on the CME exchange. There is.

Furthermore, since Grayscale is also trying to convert the ETH investment trust into a physical ETF, if it were disapproved, the US SEC would have lost the lawsuit after GBTC was disapproved. I don’t think they would want to repeat it over and over again.

Meanwhile, U.S. investment bank TD Cowen took a bearish view, predicting that approval could take place in late 2025 or early 2026 due to the U.S. political environment.

connection: U.S. investment bank TD Cowen: “Approval of Ethereum spot ETF will probably take place after the second half of next year.”

Last week, the SEC postponed its decision on BlackRock and Grayscale’s applications.

connection:SEC postpones decision on Grayscale Ethereum spot ETF conversion application again