When compared to Bitcoin, the ETH futures and spot markets demonstrate EXACTLY the same type of high and consistent correlation that would enable market oversight. Coinbase Chief Legal Officer Paul Grewal criticized a letter from two US senators calling for the SEC to more strictly regulate Bitcoin ETFs and reject approval of any other cryptocurrency ETFs. https://static.news.bitcoin.com/wp-content/uploads/2023/07/shutterstock_1212580375.jpg
In the realm of cryptocurrency markets, the correlation between the ETH futures and spot markets demonstrates a high and consistent alignment, akin to that observed in the oversight of traditional financial markets. This correlation is indicative of the interconnectedness and mutual influence between the two market segments, reflecting a parallelism that enables effective market monitoring and analysis