Crypto – Ethereum spot ETF unlikely to get US SEC approval before May says JP Morgan

<p>A note from JP Morgan back on Friday expresses hesitancy on expecting an ETH approval in the next 3 months:</p><ul><li>we are sympathetic to the arguments favoring Ether’s classification as a commodity</li></ul><p>(but)</p><ul><li>we remain skeptical of the SEC reaching such a decision by May</li></ul><p>Expectations for an ETH Spot ETF have risen since the U.S. Securities and Exchange Commission (SEC) gave approval for exchange-traded funds indexed to BTC spot prices. </p><p>For the folks awaiting an ETH ETF the wait appears to be just a little longer. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.