JPMorgan Chase: Doubtful of SEC Approval of Solana and Other Cryptocurrency ETFs

Odaily News JPMorgan Chase expects the U.S. Securities and Exchange Commission will not approve other cryptocurrency ETFs after the spot Ethereum ETF. JPMorgan analyst Nikolaos Panigirtzoglou said that unless U.S. policymakers pass legislation to declare most cryptocurrencies as non-securities. Given that the U.S. SEC believes that most cryptocurrencies are securities, the investment bank doubts whether the SEC will approve such funds. (TheBlock)