Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end
Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end
Posted by SwingContent6806
Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end
Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end
Posted by SwingContent6806
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tldr; Coinbase estimates a 30% to 40% chance that the SEC will approve spot Ethereum ETFs by the end of the month. The optimism is based on the precedent set by the approval of spot Bitcoin ETFs, which was influenced by the correlation between CME futures products and spot exchange rates. Despite the uncertainty caused by the SEC’s silence, Coinbase sees potential for a positive surprise in the decision. The report also discusses the political implications of the SEC’s decision, noting that crypto has become a significant issue in US politics, which could influence the outcome. The SEC has different deadlines for each spot ETH ETF application, with the first decision expected by May 23 for VanEck’s application.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
!tip 0.2
I’ll take it.
That’s almost focus blast accuracy.
!tip 1