Ramazan Eles 
As news of Ethereum ETFs continues to drive significant price gains for both Ethereum and Bitcoin, a new report from major bank Standard Chartered has emerged.
According to The Block, Standard Chartered expects spot Ethereum ETFs to be approved this week and for the ETFs to attract between $15 billion and $45 billion in inflows during the first 12 months.
Analysts also predict that Ethereum could reach $8,000 by the end of 2024 following ETF approval.
Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, stated in the report:
“We expect spot Ethereum ETFs to be approved this week and for spot ETFs to result in inflows of 2.39-9.15 million Ethereum in the first 12 months following approval.
In US dollar terms, this is equivalent to roughly $15 billion to $45 billion.”
Noting that Ethereum could follow in Bitcoin’s footsteps after ETF approval, Kendrick added, “Given that we see Bitcoin reaching $150,000 by the end of 2024, this increase would translate to a level of $8,000 for Ethereum.”