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If Ethereum ETFs are approved, the floodgates open in crypto.
Bitcoin (BTC 3.48%) ETFs have been a huge success in the U.S., and it makes sense Ethereum (ETH 5.55%) ETFs are next. We learned last week that Coinbase (COIN 2.61%) is pushing for exactly that.
In this video, Travis Hoium explains why Ethereum ETFs may not only drive crypto higher, but also could be a double benefit for Coinbase.
*Stock prices used were end-of-day prices of March 9, 2024. The video was published on March 11, 2024.
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
Travis Hoium has positions in Coinbase Global, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, Ethereum, Polygon, and Solana. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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