Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»JPMorgan questions SEC approval of Solana and other crypto ETFs
ADOPTION NEWS

JPMorgan questions SEC approval of Solana and other crypto ETFs

By Crypto FlexsMay 27, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
JPMorgan questions SEC approval of Solana and other crypto ETFs
Share
Facebook Twitter LinkedIn Pinterest Email

JPMorgan is skeptical of approval from the U.S. Securities and Exchange Commission. Solana brush

+1.95%
And now there are other cryptocurrency exchange-traded funds with an approved Ethereum ETF.

Nikolaos Panigirtzoglou, managing director and global markets strategist at JPMorgan, told The Block that the investment bank doubts the SEC would approve such funds given its stance that most cryptocurrencies are securities.

“We are skeptical. The SEC’s decision to approve the ETH ETF has already been extended given the ambiguity over whether Ethereum should be classified as a security. We are skeptical that the SEC will approve Solana or any other token ETF by approving it. I don’t think it will go any further,” Panigirtzoglou said.

Of course, the SEC may approve other cryptocurrency ETFs unless U.S. policymakers eventually pass legislation deeming most cryptocurrencies not securities, Panigirtzoglou said. But no such legislation currently exists, he said.

SEC approves spot Ethereum ETF

Last week, the SEC suddenly approved a spot Ethereum ETF, a decision that several analysts said was politically motivated as the SEC re-engaged with stakeholders at the last minute after months of stalled talks.

On May 23, the SEC approved the Form 19b-4s of eight spot Ethereum ETF applicants: Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin, all in one omnibus order. The ETF’s S-1 registration is still pending. SEC approval for funds to begin trading. Several analysts expect the deal to begin in the coming weeks.

JPMorgan isn’t as optimistic about the SEC approving another cryptocurrency ETF, but some other analysts say the recent liquidation of the spot Ethereum ETF means we could see more cryptocurrency ETFs involving other cryptocurrencies and tokens in the market. said.

Last week, Standard Chartered Bank’s Geoffrey Kendrick said he expected approval of the Solana and XRP ETF in 2025. TD Cowen’s Jaret Seiberg said the market could see more cryptocurrency ETFs within a year, including one that offers a “basket of cryptocurrency tokens.” .


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025
Most Popular

Binance.US distances itself from Binance.com. CZ steps down from chairmanship

December 1, 2023

DOGE VS. ADA: Cardano Founder Reveals When Altcoin Season Officially Begins

March 6, 2024

According to a central bank survey, 30% of South Korea’s population currently owns cryptocurrency assets.

December 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.