Ethereum ETF Approval on the Horizon
Delays Expected, But May 23 Still the Key Date
The highly anticipated approval of Ethereum ETFs (exchange-traded funds) is nearing, with Standard Chartered setting May 23 as the final deadline for the first wave of applications. While further delays are expected, analysts are closely watching this date as a potential turning point.
Surge in ETH Value Based on Regulatory Optimism
Analyst Comments
"May 23 is the only date that matters for Ethereum ETF applications," said James Seyffart, an analyst with." Ether (ETH) surged 17% to over $3,600 as favorable regulatory developments increased the likelihood of ETF approval.
Eric Balchunas, a Bloomberg ETF analyst, believes that the ETFs have a "solid chance" of at least partial approval by Thursday, the final date for the VanEck ETF.
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