JP Morgan Predicts ETH Spot ETF Launch Before US Election in November
CryptoNewsTerminal Staff24 May, 2024
JP Morgan Predicts ETH Spot ETF Launch Before US Election in November
JP Morgan believes that an ether (ETH) spot exchange-traded fund (ETF) approved by the US Securities and Exchange Commission (SEC) could start trading before the US presidential election in November. This comes as the cryptocurrency increasingly becomes a political issue and the SEC has recently approved 19b-4 filings for eight Ether spot ETFs. Before any ether spot ETF can begin trading, an S-1 registration statement must also be approved. ETF issuers are currently in discussions with the SEC regarding comments, making it difficult to predict the exact approval date.
