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Ethereum Spot ETFs Could Arrive Soon, Driving Ether's Price Towards $4,000

Securities and Exchange Commission (SEC) Nears Approval

According to Standard Chartered, the SEC could greenlight the highly anticipated Ethereum spot ETFs as early as May 23. The approval would mark a significant milestone for the cryptocurrency industry and potentially set the stage for a surge in Ether's price.

Wave of Spot ETF Applications

In recent months, the SEC has received multiple applications for spot Ether ETFs. These applications follow the same approval process as conventional ETFs, involving rigorous scrutiny by the regulatory body.

Carlasare's Cautious Optimism

Industry expert Carlasare cautions that spot ETH ETFs may not start trading until the third quarter of 2024. However, one of the applicants, Hashdex, remains optimistic about a near-term SEC approval.

Bullish Outlook for Ether

Analysts predict that a positive SEC decision could send Ether's price soaring. CEO of Wave Financial, Benjamin Dean, believes it will likely hit $4,000 in the wake of spot ETF approval.

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