Ethereum ETFs: Approvals Soon?

Standard Chartered's Expectations

Standard Chartered predicts the approval of Ether ETFs (exchange-traded funds) on May 23. This would be a significant step in the cryptocurrency industry, providing investors with an accessible way to invest in Ethereum.

Raoul Pal's Prediction

If approved, the ETFs would align with Raoul Pal's prediction that Ethereum would continue to rise by December 2023. Pal's prophecy stems from his belief in the impact of Ethereum developments and the upcoming Bitcoin halving event.

SEC Delays and May 23 Deadline

While the SEC (Securities and Exchange Commission) previously delayed decisions on spot ether ETF applications from BlackRock and Fidelity, May 23 remains the final deadline for such approvals.

Unlikely Approval in May

Despite the anticipation, it's important to note that the SEC may still not approve Ether ETFs by May 23. The regulatory body has expressed concerns about the lack of a clear regulatory framework for crypto assets and the potential for market manipulation.