J.P. Morgan: Ethereum ETF Trading Could Commence Prior to November US Elections

According to a news article, it is predicted by JPMorgan that approved spot Ethereum exchange-traded funds (ETFs) may start trading before the November US presidential election, as the political significance of cryptocurrencies continues to grow. The SEC has approved the 19b-4 form for Ethereum ETFs, which includes products from VanEck, BlackRock, Grayscale, and Fidelity. However, these products still need to activate their S-1 registration statement before trading can begin. JPMorgan emphasizes that the registration statement is still under review by the US Securities and Exchange Commission, so it is uncertain when these ETFs will start trading. Galaxy analysts expect trading to start as early as July or August, but JPMorgan remains more cautious, stating that political factors related to ETF approval and cryptocurrency regulation could affect the timeline. [img] Tags: SEC, JPMorgan, spot Ethereum ETF Source link: https://cryptoslate.com/jpmorgan-sees-spot-ethereum-etfs-trading-before-2024-e… Note: The translation is for reference only and does not constitute investment advice. Original article link: https://www.bitpush.news/articles/6787572 Related news 【Bitpush Market Daily】Market Digests ETF Positive News, $3800 May Be Key Level for ETH FIT21: The Most Important Crypto Regulation Bill in US History? New Compliance Milestone in Crypto World: Spot Ethereum ETF Approved SEC Approves 8 Spot Ethereum ETFs Good News for the Crypto Market! SEC Approves Key Documents for Spot Ethereum ETF