SEC to eventually approve spot Ethereum ETFs, says JPMorgan

Quick Take
- JPMorgan predicts eventual SEC approval for spot Ethereum ETFs.
- The SEC is currently soliciting comments for a handful of spot ETH ETF applications.


Diminished hope for May approval
Several analysts have decreased their optimism regarding the SEC's potential approval for a spot ether ETF by May. Last week, Bloomberg senior ETF analyst Eric Balchunas, for instance, said his odds for May approval remain pessimistic at 25%, down from 70% in January.
The SEC is currently soliciting comments on a handful of spot ETH ETF applications, including from Fidelity, Grayscale and Bitwise. Comments for all three are due later this month.
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