JPMorgan sees spot Ethereum ETFs trading before 2024 elections amid political gains

JPMorgan said crypto has become "an increasingly political issue ahead of the 2024 US presidential election."

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The global crypto market cap is $2.54 trillion, with a 24-hour volume of $125.78 billion. The price of Bitcoin is $68,257.07, and BTC market dominance is 53.0%. The price of Ethereum is $3,720.63, and ETH market dominance is 17.6%. The best-performing sector is Education, which gained 8%. The Crypto Fear & Greed Index is currently Greed (74).

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JPMorgan sees spot Ethereum ETFs trading before 2024 elections amid political gains

JPMorgan said crypto has become "an increasingly political issue ahead of the 2024 US presidential election."

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Ethereum ETF approval will set stage for Solana ETF, commodity classification

Industry experts, including Bernstein, believe Ethereum securing spot ETF approval will pave the path for Solana ETFs and commodity classification.

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Ethereum's commodity classification gains ground with SEC's landmark ETF approval, boosting investor interest.

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Lawmakers argued that approving the spot Ethereum ETFs would demonstrate regulatory consistency.

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