Ether Spot ETFs Still Have No More Than 50% Chance of Approval in May: JPMorgan

There will likely be litigation against the SEC if the regulator doesn’t approve the products in May, the report said.that the U.S. Securities and Exchange Commission is investigating companies associated with the Ethereum Foundation is consistent with the view that there is no more than a 50% chance of spot ether. The SEC must make final decisions on some of the ETF applications by May 23.

“If there is no spot ether ETF approval in May, then we assume there is going to be litigation against the SEC after May,” analysts led by Nikolaos Panigirtzoglou wrote. JPMorgan said the most likely outcome is that the SEC will eventually lose this litigation, similar to what happened in theOne reason the SEC is likely to lose any litigation is because of the declining concentration in staking on Ethereum, raising the chance that ether will avoid being designated as a security, the report said.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.

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