US SEC expected to deny spot Ether ETFs next month

Other evidence suggests that the SEC will likely delay the approval of spot Ether ETFs, while Hong Kong will start trading such products next week.on April 24 that U.S. issuers and other firms expect the SEC to reject spot Ether ETF applications next month following meetings with the regulator in recent weeks, citing four people who participated in the meetings.

The four persons, who asked to be anonymous due to the private nature of the discussions, said recent meetings between issuers and the SEC have been one-sided, and agency staff have not discussed substantive details about the proposed products.Before the historic approval, the SEC rejected spot BTC ETF filings for over a decade. It only changed its stance afterMany analysts agree that the SEC is likely to further delay possible approval of Ether ETFs.

“It seems more likely that approval will be delayed until later in 2024, or longer,” VettaFi ETF data analyst Todd Rosenbluth reportedly said, adding that the regulatory landscape is still too “cloudy.”of the SEC approving a spot Ether ETF in May at around 35% in March. He also noted that he’d sourced “good intel” to suggest that the SEC may be giving the silent treatment to prospective fund issuers on purpose.While the U.S.

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