Summary
The bank believes approval of ether ETFs is unlikely next month, as previously stated in January. The SEC has until May 23 to make final decisions on ETF applications. Speculation arose after the SEC approved spot bitcoin ETFs in January.
Key Points
1. The SEC is unlikely to approve cryptocurrency ETF products next month, as previously stated in January.
2. The SEC must make final decisions on some ETF applications by May 23.
3. The SEC approved spot bitcoin ETFs in January, leading to speculation that ether ETFs may follow suit.