JPMorgan: Approval of a Bitcoin ETF for spot trading by the US SEC is unlikely to change the game rules of the cryptocurrency market.

According to BlockBeats news on July 7th, JPMorgan (JPM) stated in a research report on Thursday that the approval of a bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) will not change the rules of the cryptocurrency market for various reasons. Analyst Nikolaos Panigirtzoglou believes that the spot bitcoin ETF has existed for some time in countries outside the US, such as Canada and Europe, but has not attracted significant investor interest.