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JPMorgan Predicts Spot Ethereum ETF May Start Trading Before November
Summary: JPMorgan predicts that spot Ethereum exchange-traded fund (ETF) could begin trading ahead of the November U.S. presidential election due to the cryptocurrency’s growing political significance. The SEC approved Form 19b-4 for Ethereum ETFs, which include offerings from VanEck, BlackRock, Grayscale and Fidelity. However, these products still need to activate their S-1 registration statements before they ...
JPMorgan predicts that spot Ethereum exchange-traded fund (ETF) could begin trading ahead of the November U.S. presidential election due to the cryptocurrency’s growing political significance.
The SEC approved Form 19b-4 for Ethereum ETFs, which include offerings from VanEck, BlackRock, Grayscale and Fidelity. However, these products still need to activate their S-1 registration statements before they can begin trading, JPMorgan noted, so there is no certainty on when these ETFs will begin trading.
Galaxy analysts expect trading to begin as early as July or August, but JPMorgan remains more cautious. They believe that political factors related to ETF approval and cryptocurrency regulation may affect the timeline.
Tags: Blackrock,ETH,JPMorgan,Spot Ethereum ETF,VanEck
Link: JPMorgan Predicts Spot Ethereum ETF May Start Trading Before November [Copy]
