PANews reported on January 22 that according to CoinDesk, analysts at JPMorgan predicted that the possibility of the U.S. Securities and Exchange Commission (SEC) approving a spot Ethereum (ETH) exchange-traded fund (ETF) before May is no more than 50%. Analysts pointed out that although the approval of a Bitcoin ETF last year sparked market attention on Ethereum as the next approved spot ETF, the current situation shows that the possibility of Ethereum being treated as a commodity is uncertain. JPMorgan analyst Nikolaos Panigirtzoglou said that while some believe the SEC’s failure to mention ETH in its lawsuit against cryptocurrency exchanges means the regulator could classify it as a commodity in the coming months, he is skeptical. .
In addition, the report mentioned that the SEC is currently pursuing lawsuits against cryptocurrency exchanges that provide staking services for proof-of-stake blockchains such as Ethereum, which may make it more difficult to approve a spot ETF for Ethereum, at least until these lawsuits are resolved. so.
