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Growing Uncertainty Surrounds May Approval for Spot Ether ETFs

As the SEC decision deadline approaches, market analysts and investors express skepticism about the approval of spot Ether ETFs, anticipating significant market volatility.

Overview

  • Analysts predict increased price volatility for Ether ahead of the SEC's decision on spot ETFs, with key deadlines set for late May.
  • Market sentiment shifts towards skepticism, with a significant drop in the market-implied likelihood of approval, now below 50%.
  • JPMorgan suggests a 50% chance of approval, noting potential litigation against the SEC if the decision is unfavorable.
  • Recent approvals of spot Bitcoin ETFs have not significantly swayed expectations for Ether, reflecting ongoing regulatory hesitations.
  • Investors and analysts are preparing for possible market movements, with derivatives markets indicating heightened volatility expectations.