British multinational bank Standard Chartered announced that exchange-traded funds (ETFs) offering investors exposure to Ethereum (ETH) will be approved in May.

The British bank has indicated that Ethereum will reach $4,000 if the SEC approves the ETH-based investment vehicle. She said in a report published on Tuesday that it was likely that the U.S. Securities and Securities and Exchange Commission style="font-family: "Bookman Old Style”, "serif" >would give the green light to ETH spot ETFs. before the May 23 deadline. According to CoinGecko, ETH is currently priced at $2,372, and reached an all-time high of $4,878 in November 2021. Standard Chartered said the investment vehicles would be likely to get regulatory approval because the SEC did not state that ETH & It was a title