Standard Chartered: Ether ETF Unlikely to Be Approved in May

Standard Chartered Bank said in its latest report that it is unlikely to approve an exchange-traded fund (ETF) holding ethereum (ETH) near May, according to CoinDesk. Additionally, the bank holds its year-end price target forecasts for Bitcoin Coin and Ether at $150,000 and $8,000, respectively. Despite the recent pressures experienced by the market, Standard Chartered believes that the market is poised for a return to growth. At the same time, the bank notes that inflows into the Bitcoin Spot ETF have decreased due to rising macro risks.