Approval of Ethereum-ETF Is Just a Matter of Time - Coinbase Analyst
👀 According to the expert, the main rationale used for approving the Bitcoin-ETF is also applicable to an instrument based on the second-largest cryptocurrency by market capitalization.
🔜 At the same time, Khan doubted the possibility of a swift approval for an Ethereum-ETF with a staking function. On May 10, ARK Invest and 21Shares removed the coin-locking clause from their application for an exchange-traded fund based on the second-largest cryptocurrency by market capitalization.
✔️ The analyst estimated the likelihood of approval for spot Ethereum-ETFs by the end of May at 30-40%.
