JPMorgan has voiced skepticism about the U.S. Securities and Exchange Commission’s (SEC) readiness to approve more cryptocurrency exchange-traded funds (ETFs), The Block reported.
The SEC last week approved spot Ethereum ETFs, which had initially fueled optimism among investors and analysts.
JPMorgan’s Nikolaos Panigirtzoglou, managing director and global market strategist, said that the regulator views most cryptocurrencies as securities, casting doubts in additional crypto ETF approvals.
