Coinbase Predicts 30% to 40% Chance of Approval for Ethereum (ETH) Spot ETF
CryptoNewsTerminal Staff20 May, 2024
Coinbase Predicts 30% to 40% Chance of Approval for Ethereum (ETH) Spot ETF
## Coinbase Predicts High Probability of ETH Spot ETF Approval Coinbase, a leading cryptocurrency exchange, has released a report predicting a 30% to 40% chance of approval for an Ethereum (ETH) spot exchange-traded fund (ETF). David Han, an analyst at Coinbase, stated, "The approval of a Bitcoin spot ETF could pave the way for an ETH spot ETF. However, the SEC's lack of response has raised concerns about potential delays." Earlier, James Seyffart, an ETF expert at Bloomberg, expressed doubts about the likelihood of ETH spot ETF approval, suggesting that the SEC may deem ETH as a security. The SEC has deadlines of June 23rd and June 24th to decide on the VanEck Ethereum ETF and the Ark 21Shares Ethereum ETF, respectively. These decisions will provide further clarity on the regulatory landscape for crypto ETFs.
