No More Than 50% Chance of Spot Ether ETF Approval By May, JPMorgan Says

Since the BTC ETF record gripped the market last year, traders have been looking at ether as the next likely candidate to get a bit ETF approval in the U.S. Reflecting this sentiment is the discount to net asset value (NAV) for the Grayscale Ethereum Trust (ETHE), which has been contracting since the summer, and has lingered wide 12% over the last two months, according to JPMorgan.