Standard Chartered expects the SEC to approve a spot Ethereum ETF on May 23. The bank predicts a potential target of $4,000 if ETH mimics BTC’s pre-approval performance. Kendrick, head of foreign exchange at Standard Chartered Bank, expects the spot Ethereum ETF to be approved, mainly because the SEC did not classify ether as a security in its legal action against the cryptocurrency company, while ETH is listed as a regulated futures contract on the Chicago Mercantile Exchange. The listing has increased this expectation. (TheBlock)