The report also emphasized the importance of potential Ethereum exchange-traded funds (ETFs) being approved in the US, as it could greatly impact the price of ETH. Coinbase believes that the market may not fully appreciate the timing and likelihood of this approval. Experts speculate that even if these ETFs are initially rejected by the May 2024 deadline, there is a possibility that subsequent legal action could overturn the decision. This additional potential for optimism is encouraging for ETH investors.
