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International Business Times
International Business Times
Business
Marvie Basilan

Standard Chartered Doubts SEC Approval For Spot Ethereum ETFs In May

SEC Standard Chartered ETF Geoff Kendrick Ethereum Bitcoin Franklin Templeton Grayscale
Spot Ether ETFs may take a rockier, longer and more uncertain road than spot Bitcoin ETFs. (Credit: Bybit/flickr.com)

KEY POINTS

  • The bank's analyst Kendrick said his earlier optimism was based on the SEC's attitude toward spot BTC ETFs
  • Kendrick noted that unlike with Bitcoin ETFs, the regulator has not had publicized dialogue with spot ETH ETF applicants
  • Standard Chartered was among many financial experts who predicted a May approval earlier this year

Cross-border banking giant Standard Chartered now doubts that the U.S. Securities and Exchange Commission (SEC) will approve spot Ethereum (ETH) exchange-traded funds (ETFs) by next month after it previously predicted the regulator will approve the much-anticipated ETFs in May.

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