Standard Chartered: U.S. regulators may delay approval of Ethereum ETF, with target prices for Bitcoin and Ethereum at $150,000 and $8,000 by the end of the year, respectively

ChainCatcher news, according to CoinDesk, Standard Chartered Bank stated in a report that an ETF holding Ethereum is unlikely to be approved in May, after previously expecting the SEC to grant approval in May.

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