Home Cryptocurrency No more than 50% chance of Spot Ether ETF approval by May, says JPMorgan

No more than 50% chance of Spot Ether ETF approval by May, says JPMorgan

by SuperiorInvest

Since the BTC ETF narrative took over the market last year, traders have been eyeing ether as the next likely candidate to gain spot ETF approval in the US. A reflection of this sentiment is the discount on the net asset value (NAV) of the Grayscale Ethereum Trust (ETHE), which has been contracting since the summer and has remained around 12% over the past two months, according to JPMorgan.

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