Many market analysts recently changed their stance after the SEC unexpectedly requested that aspiring Ether exchange-traded fund exchanges update their 19b-4 filings before a deadline this week.
Standard Chartered — the financial giant with over $800 billion worth of assets under management — said they expect the United States Securities and Exchange Commission (SEC) to approve spot Ether exchange-traded funds (ETFs) later this week.
The first round of deadlines for spot Ether (ETH) ETFs is rapidly approaching. The final deadline for the VanEck ETF filing is on May 23, followed by ARK Invest/21Shares' deadline on May 24.
The financial giant has changed its tune regarding approval of the spot Ether ETF within a month of claiming that the May approval deadline is unlikely.
