ChainCatcher news, according to CoinDesk, Standard Chartered Bank said in a report that an ETF holding Ethereum is unlikely to be approved in May. Standard Chartered Bank had previously expected the SEC to approve it in May.

Due to rising macro risks such as rising U.S. Treasury yields and geopolitical tensions in the Middle East, the inflow of spot Bitcoin ETFs has slowed. Despite this, Standard Chartered Bank believes that digital assets have passed the worst period and the market is ready for recovery. The bank reiterated its year-end Bitcoin and Ethereum price targets of $150,000 and $8,000, respectively.