According to Foresight News, JPMorgan has stated that the likelihood of an Ethereum ETF being approved in May is still less than 50%. CoinDesk reported this prediction, indicating a cautious outlook for the potential approval of this cryptocurrency-based exchange-traded fund. The bank's forecast suggests that regulatory hurdles may continue to pose challenges for the acceptance of such financial products in the market. This news comes amidst a growing interest in cryptocurrencies and their potential integration into mainstream financial systems. However, the less than optimistic prediction by JPMorgan underscores the ongoing regulatory uncertainties surrounding the cryptocurrency market.
JPMorgan Predicts Less Than 50% Chance of Ethereum ETF Approval in May
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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