#JPMorgan Chase & Co (NYSE: JPM) expressed skepticism about the potential impact of approval of a spot #bitcoin (CRYPTO: BTC) exchange-traded fund (#ETF) by the U.S. Securities and Exchange Commission (SEC).
According to the banking giant, despite heightened optimism about the #SEC granting approval, such an event is unlikely to drastically affect the crypto space, Coindesk reported.
The report by JPMorgan highlighted that Bitcoin funds, encompassing both futures-based and physically backed funds, have not been successful in attracting considerable investor interest since the second quarter of 2021.
