Coinbase: Ethereum ETF has 30%–40% Chance for Approval
Cryptocurrency exchange Coinbase has recently stated its expectation that proposed Spot Ethereum ETFs have a 30%–40% chance of approval by the end of this month. Indeed, the exchange issued a report upgrading the investment offerings’ approval odds. The US Securities and Exchange Commission (SEC) is facing a critical impasse concerning Spot Ethereum ETF applications. Specifically, the President of the ETF Store, Nate Geraci, has recently revealed that the agency is set to make a decision on the Ether ETF this week. Also Read: Coinbase to Tap Into Australia’s Billion Dollar Pension Sector Coinbase Says Ethereum ETF Approval Has Up to 40% Chance The digital asset sector has undergone a massive shift since the start of the year. Indeed, the SEC had approved spot Bitcoin ETFs for the first time in the United States. Subsequently, the sector saw a massive surge in assets across the board. However, it was led by BTC, which reached an all-time high of $73,000 in March. ...