Standard Chartered believes the SEC will approve spot Ethereum ETFs on May 23, pushing the crypto to $4,000.
The bank's analysts have relied on the approval of Bitcoin exchange-traded funds and believe that the regulator will follow a similar strategy with Ethereum.
Next May 23 is the date when the final decision on the applications to launch VanEck and Ark/21Shares ETFs will be made.
Experts are confident in the approval of spot Ethereum ETFs, as the SEC has not treated the second largest crypto by market map as a security in the previous cases.
In addition, they also believe that the listing of regulated futures contracts on CME adds weight to this possibility.