Standard Chartered Bank: SEC Unlikely to Approve Ethereum ETF in May

Standard Chartered’s Head of FX and Digital Assets Research, Geoffrey Kendrick, wrote in a report on Tuesday, “We previously expected the SEC to approve an ETH ETF on May 23. This was based on the belief that the ETH approval process would follow a similar trajectory to that of the BTC ETF approval in January, with constructive dialogue between the SEC and ETF applicants. However, so far, no dialogue regarding the approval of a BTC ETF has taken place (or at least been made public), indicating that the approval date is unlikely to be May 23.”