According to The Block’s report, analysts from JPMorgan Chase have warned that despite the rebound in the cryptocurrency market this year, investment funds in the crypto space are still in a slump, indicating potential downside risk. The likelihood of the approval of an Ethereum spot ETF in May is not expected to exceed 50%, although the U.S. Securities and Exchange Commission (SEC) is ultimately expected to approve such funds.
JPMorgan: Downside Risks Persist in Cryptocurrency Market, SEC to Approve Ethereum ETF Eventually