Standard Chartered expects the U.S. Securities and Exchange Commission to approve ether ETFs this week. 

The first round of spot ether ETF deadlines is fast approaching, with VanEck's on May 23 and Ark Invest/21Shares' on May 24.

"After approval, we estimate that spot ETFs will drive inflows of 2.39-9.15 million ether in the first 12 months after approval," Standard Chartered Bank Head of FX Research and Digital Assets Research Geoff Kendrick said, adding: "In U.S. dollar terms, that equates to roughly $15 billion to $45 billion."

"As a percentage of market cap, it is similar to our estimates of inflows to bitcoin ETFs, which are proving accurate," Kendrick said.

An ether year-end price target of $8,000

In an analysis note sent to The Block on Tuesday, Kendrick added …