Spot Ethereum (ETH) exchange-traded fund (ETF) still has less than 50% chance of approval in May: JPMorgan

The bank reiterated its stance that these products are unlikely to receive approval next month. january. The SEC must make a final decision on some ETF applications by May 23. The SEC approved a spot Bitcoin (BTC) ETF in January, sparking speculation that a version of ether, a token of the Ethereum blockchain, could follow.