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 sees no more than a 50% chance of Ethereum ETF approval until May.
ADOPTION NEWS

JPMorgan sees no more than a 50% chance of Ethereum ETF approval until May.

By Crypto FlexsJanuary 12, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
JPMorgan sees no more than a 50% chance of Ethereum ETF approval until May.
Share
Facebook Twitter LinkedIn Pinterest Email

JP Morgan is not very confident that the Securities and Exchange Commission will stay away Ethereum ETH

-1.11%
The exchange-traded fund is expected to be approved in May, the first deadline for approving such funds.

“If the SEC is to approve a spot Ethereum ETF in May, we believe it will have to classify Ethereum as a commodity (similar to Bitcoin) rather than a security,” JPMorgan’s Nikolaos Panigirtzoglou told The Block. “This is by no means a given and I wouldn’t put it above a 50% chance that the SEC will classify Ethereum as a commodity before May.”

Earlier this week, the SEC approved a spot Bitcoin ETF after more than a decade of rejection. With the price of Ethereum surging nearly 20% in the past seven days compared to Bitcoin’s 2.5% rise over the same period, traders are now betting that a spot Ethereum ETF could be next in line to receive approval.

However, according to Panigirtzoglou, the SEC “continues to signal that it continues to consider all cryptocurrencies other than Bitcoin to be securities.”

Last year, JPMorgan said U.S. lawmakers could potentially classify ether in a new “other category” to avoid classifying it as a security.

Staking Protocol

Last year, SEC Chairman Gary Gensler reiterated that tokens using staking protocols, such as Ethereum’s ETH token, could be considered securities under U.S. law. During a nearly five-hour hearing with lawmakers last year, Gensler refused to say whether ETH was a security. And while approving a spot Bitcoin ETF earlier this week, Gensler said the decision “should in no way signal the Commission’s willingness to approve listing standards for crypto asset securities.”

Some analysts, including Bloomberg Intelligence’s James Seyffart, were more optimistic than JPMorgan that a spot ETH ETF would be approved.

The SEC had to finally approve a spot Bitcoin ETF in part because it had already approved a Bitcoin futures ETF, and a federal court ruled that the SEC would block Grayscale’s attempt to convert the Grayscale Bitcoin Trust into an ETF. It was ruled that the rejection should be reviewed.

Several companies, including BlackRock and Fidelity, have recently applied for spot ETH ETFs.


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

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 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

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025
Most Popular

Normally, we will launch a $ 16 million bug bounty to set a new benchmark of encryption security.

April 4, 2025

Can AVAX maintain its position as the 9th largest cryptocurrency?

December 15, 2023

Capital inflows into spot Bitcoin ETFs total $31 million

April 24, 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.