JP Morgan: SEC not expected to approve other cryptocurrency ETFs after spot Ethereum ETF
According to ChainCatcher news, JPMorgan Chase does not expect the SEC to approve other cryptocurrency ETFs after the spot Ethereum ETF.
Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan Chase, said: “We doubt it. Given the ambiguity about whether Ethereum should be classified as a security, the SEC’s decision to approve an ETH ETF is already too far-fetched. We do not think the SEC will go further. Approve Solana or other token ETFs because the SEC has a stronger (relative to Ethereum) view that tokens other than Bitcoin and Ethereum should be classified as securities unless U.S. policymakers ultimately pass legislation deeming most cryptocurrencies not to be securities. The SEC may approve other cryptocurrency ETFs, but there is no such legislation yet.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Boeing (BA.US) Q3 Conference Call: Annual Target of 500 Deliveries Missed, Cash Flow Aiming for $10 Billion by 2029
Boeing (BA.US) announced its third-quarter 2026 results and held a conference call on Tuesday.
SK Hynix (SKHY.US) Q3 net profit 28.6 billion, HBM4 mass production, shortage expected to continue until 2030
SK Hynix reported Q3 revenue of $75.3 billion, surpassing one trillion Korean won for the first time. Operating profit reached a record high, while net profit was $28.6 billion, up 216% year-on-year but down 58% quarter-on-quarter, significantly below expectations. The company announced a dividend of $10.1 billion and a share buyback of $14.4 billion, and predicts that the memory shortage will continue until 2030.
SK Hynix (SKHY.US) Q3 revenue surpasses 100 trillion KRW for the first time, why did net profit drop by half quarter-on-quarter?
SK Hynix's Q3 revenue surpassed 100 trillion KRW for the first time, and operating profit reached a record high, but net profit fell 58% quarter-on-quarter. The main reason is that the base for Kioxia investment income was high in Q2, and there was no such one-off income this quarter. The actual business operations remain strong.
Revenue Hits Record High of $1.4 Billion, Why Did Robinhood (HOOD.US) Profits Fall by 14%?
Robinhood's Q3 total revenue reached a record $1.424 billion, but net profit fell 14% year-over-year. Crypto income was halved, while event contracts surged more than sixfold, surpassing crypto, and options became the main pillar. Profits were dragged down by credit losses, valuation losses, and increased taxes.
Crypto prices
More
