JPMorgan Chase: Cryptocurrency Market Still Faces Downside Risk, SEC to Ultimately Approve Ethereum Spot ETF

According to The Block, analysts from JPMorgan warned that despite the rebound of the cryptocurrency market this year, investment funds in the crypto-related venture capital are still sluggish, indicating potential downside risks. The possibility of an Ethereum spot ETF being approved in May is no more than 50%, however, the US Securities and Exchange Commission (SEC) will ultimately approve such funds.