According to Odaily Planet Daily, JPMorgan Chase expects that the U.S. Securities and Exchange Commission (SEC) will not approve other cryptocurrency ETFs after the spot Ethereum ETF. JPMorgan analyst Nikolaos Panigirtzoglou said that unless U.S. policymakers pass legislation to declare most cryptocurrencies as non-securities. Given that the U.S. SEC believes that most cryptocurrencies are securities, the investment bank doubts whether the SEC will approve such funds.