LIVECrypto JP Morgan gave date:
Ethereum ETFs will be traded from that date
JP Morgan gave a date: Ethereum ETFs will be traded from that date
JPMorgan's analysts predict that the recently approved spot Ethereum exchange-traded funds (ETFs) could begin trading well before November. Analyst Kenneth Worthington attributes the early start of trading of spot ETH ETFs to cryptocurrencies becoming more politically important ahead of the 2024 US presidential election.
JPMorgan's analysts announced the date when Ethereum ETFs will be traded. According to analysts, we will have to wait a little longer for the newly approved spot Ethereum ETFs.
Relationship between Cryptocurrencies and the 2024 US Presidential ElectionsJPMorgan's leading analysts predict that the recently approved spot Ethereum exchange-traded funds (ETFs) may begin trading much earlier than November, contrary to expectations. Analyst Kenneth Worthington attributes the early start of trading of spot ETH ETFs to cryptocurrencies becoming more politically important ahead of the 2024 US presidential election.
The other day, the United States Securities and Exchange Commission (SEC) approved spot Ethereum ETF applications from eight major financial institutions, including Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity and Franklin. However, it is stated that the S-1 registrations required for these funds to begin trading are still awaiting SEC approval. Market experts expect S-1 certification proceedings to begin within the next few weeks.
The JPMorgan analysis team emphasizes that there remains uncertainty as to whether fund issuers' staking activities constitute an investment contract and are therefore subject to the Howey test. The Howey test, defined by the US Supreme Court in 1946, is used to determine whether an investment can be considered a security.