Things could soon get busier again with the first decisions for ether exchange-traded funds (ETFs) due.
"The removal of staking prepositions by filers reclassifies underlying ETH as commodities supported by the CFTC and can pave a major pathway going forward."
Polymarket currently gives a 10% chance of an ether ETF being approved by May 31, a 13% chance of approval by June 30, and a 28% chance of approval this year.
"Recently, Coinbase analyst David Han wrote that the market may be 'underestimating the timing and odds of a potential approval.'"
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