Summary
JP Morgan analysts believe there is only a 50% chance the SEC will approve a spot Ethereum ETF next month. Recent investigations into Ethereum-related entities have dampened market sentiment. If not approved, applicants may take legal action against the SEC. Other analysts also believe approval is unlikely. Many investment firms are interested in Ethereum ETFs, but the SEC has yet to give the green light.
Key Points
1. The Securities and Exchange Commission is just as likely to reject a spot Ethereum exchange-traded fund (ETF) next month as it is to approve it, according to JP Morgan analysts.
2. Recent actions by the regulator against Ethereum-related entities have contributed to a pessimistic market sentiment regarding the approval of an Ethereum ETF.
3. If an Ethereum ETF isn’t approved by the upcoming deadline, it’s likely that applicants will take action against the SEC, with the possibility of eventual approval in the future.