From Investing.com:

The U.S. SEC’s position on an Ethereum-based ETF is causing debate among analysts and investment firms. JPMorgan doubts the SEC will approve a spot ETF by May 2024 without Ethereum being classified as a commodity. The SEC is concerned about staking protocols and potential classification of tokens as securities, complicating approval.

Major firms like BlackRock and Fidelity have filed for spot Ethereum ETFs, closely watched as the SEC is expected to decide on VanEck’s application by May 23. The outcome will have a significant impact on the regulatory landscape for Ethereum-based investment products.



Read more: JPMorgan casts doubt on Ethereum ETF approval by May By Investing.com