No More Than 50% Chance of Spot Ether ETF Approval By May, JPMorgan Says

Because the BTC ETF narrative gripped the market final 12 months, merchants have been ether as the subsequent seemingly candidate to get a spot ETF approval within the U.S. Reflecting this sentiment is the low cost to internet asset worth (NAV) for the Grayscale Ethereum Belief (ETHE), which has been contracting for the reason that summer time, and has lingered round 12% over the past two months, in keeping with JPMorgan.