Spot Ether (ETH) Exchange-Traded Funds (ETFs) Still Have No More Than 50% Chance of Approval in May: JPMorgan

The bank reiterated its view that approval of these products is unlikely next month, a position first expressed in January. The SEC must make final decisions on some of the ETF applications by May 23. The SEC approved spot bitcoin (BTC) ETFs in January, stirring speculation in some quarters that versions for ether, the token of the Ethereum blockchain, may follow suit.