JP Morgan: SEC not expected to approve other cryptocurrency ETFs after spot Ethereum ETF

Bitget App

Trade smarter

ChainCatcher2024/05/27 14:25

By:ChainCatcher

According to ChainCatcher news, JPMorgan Chase does not expect the SEC to approve other cryptocurrency ETFs after the spot Ethereum ETF.

Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan Chase, said: “We doubt it. Given the ambiguity about whether Ethereum should be classified as a security, the SEC’s decision to approve an ETH ETF is already too far-fetched. We do not think the SEC will go further. Approve Solana or other token ETFs because the SEC has a stronger (relative to Ethereum) view that tokens other than Bitcoin and Ethereum should be classified as securities unless U.S. policymakers ultimately pass legislation deeming most cryptocurrencies not to be securities. The SEC may approve other cryptocurrency ETFs, but there is no such legislation yet.”

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

OracleX is a decentralized prediction platform based on the POC protocol. It addresses pain points in the prediction market through a dual-token model and a contribution reward mechanism, aiming to build a collective intelligence decision-making ecosystem. Summary generated by Mars AI The content of this summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.

MarsBit•2025/11/30 17:21

OracleX Global Public Beta: Restructuring Prediction Market Incentive Mechanisms with "Proof of Behavior Contribution"

Bitcoin is not "digital gold"—it is the global base currency of the AI era

The article refutes the argument that bitcoin will be replaced, highlighting bitcoin's unique value as a protocol layer, including its network effects, immutability, and potential as a global settlement layer. It also explores new opportunities for bitcoin in the AI era. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.

MarsBit•2025/11/30 17:20