Coinbase analyst: The probability of the SEC approving a spot Ethereum ETF by the end of this month is between 30% and 40%

According to a report from Golden Finance, David Han, an analyst at Coinbase's institutional research and analysis team, stated on May 15th that the main factor leading to SEC's approval of a Bitcoin ETF is the correlation between CME futures products and spot exchange rates, which may also lead to approval of an Ethereum ETF. The possibility of SEC approving a spot Ethereum ETF by the end of this month is between 30% and 40%.