- JPM says the odds of a spot ether ETF approval in May are still no more than 50%.
- There will likely be litigation against the SEC if the regulator doesn’t approve the products in May, the report said.
- Spot ether ETFs will eventually be approved, the bank said.
If the SEC does not approve any spot ETFs in May, analysts believe there will be lawsuits initiated against the SEC following this month.
JPMorgan predicts that the SEC is likely to ultimately drop its opposition to spot Ethereum ETFs, following precedents set in the Grayscale and Ripple lawsuits. However, this approval is not anticipated to occur in May.
An possibility explained in the report is that the SEC may lose their case due to the decreasing dominance of Ethereum in staking, increasing the likelihood that ether won’t be classified as a security.
Last week, the bank mentioned in a report that Lido’s control of staked ether has decreased. This decrease may alleviate concerns about excessive centralization within the network.
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2024-04-11 17:12