According to Geoff Kendrick, head of digital assets research at the bank, institutional Ethereum allocations are now outpacing Bitcoin, driven by tighter restrictions on direct crypto investments.
The bank’s confidence isn’t just theoretical. It recently launched a spot trading desk for Bitcoin and Ethereum via its UK arm, enabling institutional clients to buy and sell the assets directly—an upgrade from futures-only exposure. This marks a significant step in bridging regulated finance and digital assets.
Standard Chartered’s broader digital strategy includes investments in crypto infrastructure firms like Zodia Custody. Kendrick noted the spot desk was built to address growing demand, citing data from KPMG showing that 91% of hedge funds are either already in crypto or planning to enter within five years.
At press time, Ethereum was trading just below $3,851 amid increased market volatility. While the asset dipped slightly on the day, rising volume and strong institutional momentum suggest ETH could be gearing up for a breakout.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/ethereum-price-prediction-here-is-what-we-can-expect/