JPMorgan Chase reiterates: The probability of Ethereum spot ETF being approved in May is still less than 50%

BlockBeats news, on April 11, JPMorgan Chase (JPM) reiterated its view in a research report on Thursday that "the probability of Ethereum spot ETF being approved in May is still no more than 50%". The analyst team led by Nikolaos Panigirtzoglou wrote that if the Ethereum spot ETF is not approved in May, there should be a lawsuit against the SEC after May. The most likely outcome is that the SEC will eventually lose the lawsuit, similar to what happened in the Grayscale and Ripple cases, and eventually approve the spot Ethereum ETF, but not in May. Nikolaos has previously expressed this view, and he believes that if the U.S. Securities and Exchange Commission (SEC) wants to approve the Ethereum ETF spot in May, it needs to classify Ethereum as a commodity (similar to Bitcoin) rather than a security. But this is far from certain, and he believes that the probability of the SEC classifying Ethereum as a commodity before May is no more than 50%.