Aug 27, 02:03 PM

Standard Chartered Sees Ethereum at $7,500 as ETF Inflows Swell

Standard Chartered has lifted its year-end price forecast for Ethereum to $7,500, citing accelerating institutional demand and large inflows into spot exchange-traded funds. In a new research note, Geoffrey Kendrick, the bank’s global head of digital assets research, said both Ether and companies that hold the token on their balance sheets are “cheap at today’s levels” after the recent market pull-back. Kendrick highlighted that ETH treasury firms have already amassed roughly 5% of the cryptocurrency’s circulating supply and are trading at a discount to their Bitcoin-focused peers despite the additional income they can earn from staking. He expects the share held by these companies to double over time, supported by continued ETF buying and Ethereum’s yield-generating features. The bullish call comes as crypto markets rebound. Over the past 24 hours, total capitalisation rose 1.5% to $4.09 trillion, buoyed by net inflows of $455 million into Ether ETFs versus $88 million for Bitcoin products. Ether gained 3.1% to about $4,574, while Bitcoin edged up 0.4% to $110,728. Solana led major altcoins higher, advancing about 8% to trade above $200.

#Standard Chartered #Ethereum #Geoffrey Kendrick #Ether #Kendrick #Bitcoin #ETF #Solana

Written with ChatGPT .

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