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Analysts at JPMorgan: If Ethereum ETFs are not approved in May, we anticipate that litigation will begin after May. The most likely scenario is that the SEC will ultimately lose the legal battle (similar to what happened with the Grayscale and Ripple court battles last year), which means that the SEC will eventually approve spot Ethereum ETFs.

Analysts at JPMorgan: If Ethereum ETFs are not approved in May, we anticipate that litigation will begin after May.
The most likely scenario is that the SEC will ultimately lose the legal battle (similar to what happened with the Grayscale and Ripple court battles last year), which means that the SEC will eventually approve spot Ethereum ETFs.