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.