Ethereum ETF Impact: Standard Chartered Expects $8,000 ETH by 2024, BTC Headed to $250,000

Ethereum ETF Impact: Standard Chartered Expects $8,000 ETH by 2024, BTC Headed to $250,000

Standard Chartered Bank revised its earlier year-end prediction for Bitcoin from $100k to $150k, saying the asset could hit $250k next year. 
The bank also predicts that Ethereum could trade at $8000 before the year ends, and proceed to hit $14k next year. 
With bated breath, all eyes have now turned towards the potential approval of the spot Ethereum Exchange Traded Fund (ETF) with feverish anticipation similar to the pre-approval of the Bitcoin-related ETF. Several analysts have predicted that the approval could materialize in May.
In an email investment note, Standard Chartered Bank specifically pointed to May 23 as the expected date for approval. According to them, the first 12 months after this groundbreaking decision could see as high as $45 billion entering the market. Fascinatingly, this could propel the ETH price to a whopping $8000 by the end of the year.
Drawing insight from a recent publication by Crypto News Flash, VanEck expects the ETH-related ETF to have a greater i

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