tl;dr
Jeff Kendrick, head of crypto research at Standard Chartered, is optimistic about the potential interest of pensioner funds in spot Bitcoin exchange-traded funds (ETF) following the recent SEC approval. He also expresses optimism for the approval of a spot Ethereum ETF, suggesting it will likely fol...
Jeff Kendrick, head of crypto research at Standard Chartered, is optimistic about the potential interest of pensioner funds in spot Bitcoin exchange-traded funds (ETF) following the recent SEC approval. He also expresses optimism for the approval of a spot Ethereum ETF, suggesting it will likely follow a similar pathway to Bitcoin. Kendrick highlights the strong performance of Bitcoin and Ethereum despite recent inflation dips and points to the potential influx of pensioner funds to spot Bitcoin ETFs. Additionally, he has previously hinted at the possible approval of the Ethereum ETF and believes that the Bitcoin ETF will give retirees easier access to crypto.
During an interview with Yahoo Finance Future Focus, Jeff Kendrick of Standard Chartered explained that Bitcoin and Ethereum, the two largest cryptocurrencies, are performing strongly despite recent inflation dips. Additionally, Fed chair Jerome Powell has voiced concern about high service prices. Kendrick points to the potential influx of pensioner funds to spot Bitcoin ETFs and shows optimism for the approval of a spot Ethereum ETF in May. He previously hinted at the possible approval of the Ethereum ETF, and believes that the Bitcoin ETF will give retirees easier access to crypto.
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