A note from JP Morgan back on Friday expresses hesitancy on expecting an ETH approval in the next 3 months:
- we are sympathetic to the arguments favoring Ether’s classification as a commodity
(but)
- we remain skeptical of the SEC reaching such a decision by May
Expectations for an ETH Spot ETF have risen since the U.S. Securities and Exchange Commission (SEC) gave approval for exchange-traded funds indexed to BTC spot prices.
For the folks awaiting an ETH ETF the wait appears to be just a little longer.
![ethusd updatew etf sec 22 January 2024 2](https://images.forexlive.com/images/ethusd%20updatew%20etf%20sec%2022%20January%202024_id_3015f29a-9706-4f90-bd80-24f52714c1c0_size900.jpg)