Morgan Stanley’s Managing Director: SEC to Finally Approve Ethereum ETF for Spot Trading

Nikolaos Panigirtzoglou, Managing Director and Global Market Strategist at JPMorgan, has stated that if the Ethereum ETF spot is not approved in May, it is expected that there will be a lawsuit procedure after May. Panigirtzoglou said, “We believe that the most likely outcome is that the SEC will eventually lose this lawsuit (similar to the legal battle between Grayscale and Ripple last year), which means that the SEC will eventually approve the spot Ethereum ETF (but not in May this year).” Earlier this week, Panigirtzoglou and his team stated in a report that the easing of concerns about the centralization of Ethereum, such as the decrease in Lido’s market share, increases the likelihood that ETH will avoid being classified as a security in the future. The SEC is currently seeking opinions on some spot ETH ETF applications, including those from Fidelity, Grayscale, and Bitwise. [image] Tags: SEC, JPMorgan, spot Ethereum ETF, securities, lawsuit Source link: https://www.theblock.co/post/286718/sec-spot-ethereum-etf-jpmorgan Note: All articles on Bitpush.news represent the author’s opinion and do not constitute investment advice. Original article link: https://www.bitpush.news/articles/6577433 Related news: SEC demands Terraform Labs and Do Kwon to pay a $5.3 billion fine a16z partner: Bad regulation benefits memes rather than innovation Wu Shuo’s Weekly Selection: Hong Kong Bitcoin and Ethereum spot ETFs to be launched soon, US CPI data exceeds expectations, and Top 10 news Market cap ranks among the top ten, how much more room does TON have to rise? SEC targets Uniswap Labs, what is a Wells Notice? DeFi sector may face major turbulence