According to BlockBeats, although JPMorgan Chase predicted earlier this year that the probability of Ethereum spot ETF passing the preliminary review deadline in May is no more than 50%, the company is still optimistic about the U.S. Securities and Exchange Commission (SEC) eventually approving the Ethereum spot ETF. Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan Chase, said that if the Ethereum spot ETF is not approved in May, then they expect a litigation process after May. They believe that the most likely scenario is that the SEC will eventually lose the lawsuit (similar to the legal battle between Grayscale and Ripple last year), which means that the SEC will eventually approve the Ethereum spot ETF, but it may not be before May this year.