💬 Analysts at #JPMorgan called the SEC's approval of the spot Ethereum-ETF a political decision ahead of the U.S. presidential election.
"We see this approval of ETFs and cryptocurrency more broadly as an increasingly political issue ahead of the US presidential election in 2024. As such, we expect spot ETH-ETF trading to begin well before November," the report said.
Analysts also questioned the passage of the FIT21 bill by the US Senate. Earlier it was approved by the House of Representatives.
