JPMorgan: Approval of Spot Ether ETF Unlikely in May, Though Eventual Green Light Expected

• JPMorgan says odds of spot ether ETF approval in May are 50% or less • Bank expects litigation against SEC if no approval in May, which SEC would likely lose • Eventual approval of spot ether ETFs seen as likely • SEC investigation into Ethereum Foundation firms up view of no May OK • Declining concentration in Ethereum staking raises chance ether avoids security designation