Although the market is generally optimistic about the approval of spot Ethereum ETFs before May 23 this year, JPMorgan Chase is cautious about this. The investment bank believes that the probability of spot Ethereum ETFs being approved before May this year is no more than 50%.

Regarding the SEC's decision, some people believe that the SEC's failure to mention ETH in its lawsuit against crypto exchanges that violated securities laws may mean that the regulator will classify ETH as a commodity in the coming months, which is a necessary condition for the approval of spot ETFs. However, JPMorgan Chase believes that there is not enough information to determine the impact of the SEC's decision on the approval of Ethereum ETFs.

In addition, some people believe that the approval of an ETF based on Ethereum futures in September last year "itself means that Ethereum is considered a commodity." This means that since then, Ethereum has met the definition of a commodity, and commodity-class assets are more likely to be allowed to issue spot ETFs#BTC #ETF通过