The report has also brought attention to the fact that the possible endorsement of Ethereum exchange-traded funds (ETFs) in the US, which are currently awaiting approval, could have a substantial impact on the price of ETH. Coinbase has evaluated that the market may not fully appreciate the timing and probability of such an approval. Analysts propose that even if these ETFs are declined by the initial deadline in May 2024, subsequent legal actions could potentially overturn the decision, providing another reason for optimism among ETH investors.
