🔥Hot News! JPMorgan analyst Kenneth Worthington predicts that Ethereum spot ETF is expected to start trading before November! 🚀This prediction has attracted widespread attention in the market as it will be a major milestone in the cryptocurrency market. 🎯

📊Analysts point out that the approval of spot ETH ETFs and its broader cryptocurrency issues are becoming increasingly political ahead of the 2024 US presidential election. The U.S. Securities and Exchange Commission (SEC) has approved the 19b-4 forms of eight spot ETH ETF applicants, including Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity and Franklin, but the S-1 registrations of these ETFs still need to be signed by the SEC before trading can begin. 📝

🔍It is worth noting that the report pointed out that the ETF issuer deleted the content about pledge from the 19b-4 application form, which may be a key factor in the approval. At present, whether ETH pledge can be regarded as a securities investment contract under the Howey test is still controversial in the industry. The SEC remains cautious about this. 🔐

🎉This is undoubtedly good news for Bitcoin optimists! Let us look forward to the arrival of Ethereum spot ETF and see how it will affect the entire cryptocurrency market! 🎈