JPMorgan: The SEC's Wells notice to Robinhood is unlikely to hinder the approval of Ethereum spot ETFs

ChainCatcher news, according to The Block, JPMorgan stated that the Wells notice issued by the U.S. Securities and Exchange Commission (SEC) to Robinhood Crypto is unlikely to hinder the final approval of the Ethereum spot ETF.

JPMorgan analysts wrote in a report on Wednesday: "In our view, the Wells notice should not pose an obstacle to the U.S. SEC's final approval of the Ethereum spot ETF, although it may not be approved as early as this month."