TechFlow news: JPMorgan analyst Nikolaos Panigirtzoglou said the likelihood of spot Ethereum ETFs being approved by May will not exceed 50%.
He stated, "We believe that for the U.S. Securities and Exchange Commission (SEC) to approve a spot Ethereum ETF by May, it would need to classify Ethereum as a commodity—similar to Bitcoin—rather than as a security. This is far from certain, and I think the probability of the SEC classifying Ethereum as a commodity before May does not exceed 50%."
According to Panigirtzoglou, the SEC may continue to treat all cryptocurrencies other than Bitcoin as securities.
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