JPMorgan analysts: The likelihood of a spot Ethereum ETF being approved before May is less than 50%

ChainCatcher news, according to The Block, JPMorgan analyst Nikolaos Panigirtzoglou stated that the SEC must classify ETH as a non-security before it can approve a spot Ethereum ETF in May.

"We believe that for the U.S. SEC to approve a spot Ethereum ETF in May, it needs to classify Ethereum as a commodity (similar to Bitcoin) rather than a security." "This is far from certain, and I think the likelihood of the SEC classifying Ethereum as a commodity before May is no more than 50%."