JPMorgan estimates that the chances of spot ether ETF approval in May are no more than 50%. The company suggests that, based on recent litigation outcomes and decreasing concentration in Ethereum staking, the SEC will eventually have to approve spot ether ETFs.
Friday, April 12, 2024JPMorgan predicts that the price of Bitcoin will decline after the halving to around $42,000. The halving, which reduces Bitcoin's supply growth, could also prompt mining companies to relocate to regions with lower energy costs.
Fidelity International has tokenized a money market fund on JPMorgan's Onyx Digital Assets blockchain. It has joined the Tokenized Collateral Network to improve efficiency and reduce transaction costs and operational risks.