J.P. Morgan: SEC Will Eventually Approve Ether ETF Spot
The SEC is currently seeking comments on a handful of ETH ETF spot applications, including Fidelity, Grayscale and Bitwise. jpmorgan expects the SEC to eventually approve spot ethereum ETFs. one jpmorgan managing director said, "If the spot ethereum ETF is not approved in May, then we think there will be litigation after May. If the spot ETF for Ether is not approved in May, then we think there will be proceedings after May." "We think the most likely scenario is that the SEC ultimately loses the lawsuit (similar to the legal battle between Grayscale and Ripple last year), which means that the SEC will ultimately approve the spot Ether ETF.
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