JPMorgan strategists believe that if the U.S. Securities and Exchange Commission (SEC) rejects spot Bitcoin exchange-traded fund (ETF) applications, it could face lawsuits from applicants. The analysts think that while unlikely, a rejection of spot crypto ETFs is still possible. JPMorgan warns that denying applications for spot Bitcoin ETFs could lead to legal action against the SEC, creating more troubles for the agency. The bank believes that the SEC would not want to engage in another legal battle over spot Bitcoin ETF approval. The approval of a Bitcoin ETF is seen as a crucial moment for the cryptocurrency, as it would allow larger institutions to invest without dealing with technical aspects or the custody of digital assets.
AI Sentiment: Neutral