JPMorgan Chase: There is no more than a 50% chance that the U.S. SEC will approve an ETH spot ETF before May

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Cointime2024/01/22 01:39

By:Cointime

According to CoinDesk, Morgan Stanley analysts predict that the possibility of the Securities and Exchange Commission (SEC) approving a spot Ethereum (ETH) exchange-traded fund (ETF) before May is no more than 50%. The analyst believes that the possibility of Ethereum being considered a commodity is uncertain. Morgan Stanley analyst Nikolaos Panigirtzoglou said that although some people think that the fact that the SEC did not mention ETH in its lawsuit against cryptocurrency exchanges means that regulators may classify it as a commodity in the coming months, he is skeptical of this.In addition, the report mentioned that the SEC is currently suing cryptocurrency exchanges that provide equity proof blockchain pledge services such as Ethereum, which may make it more difficult to approve a spot ETF for Ethereum.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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