SEC IS NOT EXPECTED TO APPROVE ETF FUNDS

According to ChainCatcher news, JPMorgan Chase does not expect the US Securities and Exchange Commission to approve other crypto ETFs after the Ethereum spot ETF.

“We doubt it,” said Nikolaos Panigirtzoglou, managing director and global markets strategist at JPMorgan Chase. Due to the ambiguity over whether Ethereum should be classified as a security, the SEC's decision to approve the ETH ETF is too far given that the SEC will go further. Approve Solana or other token ETFs because the SEC takes a stronger position (than Ethereum) that tokens other than Bitcoin and Ethereum should be classified as securities, unless U.S. policymakers end jointly passed laws making it illegal for most cryptocurrencies to do so. are securities. The SEC may approve other crypto ETFs, but there is no such legislation yet.”