According to a new report, the US Securities and Exchange Commission (SEC) will most likely reject spot Ether ETFs in May.
Reuters reported on April 24 that US issuers and others expect the SEC to reject Ether ETF spot applications next month following meetings with the regulator in recent weeks. recent week, citing four people who attended the meetings.
Four people, who requested anonymity due to the private nature of the discussions, said recent meetings between issuers and the SEC were one-sided and agency staff had not discussed the details. about recommended products.
Sources compared the failed negotiations regarding the Ether ETF to detailed discussions between issuers and the agency in January, weeks before the agency approved the spot Bitcoin ETF .
Before the historic approval, the SEC had rejected spot Bitcoin ETF filings for over a decade. The commission only changed its stance after Grayscale Investments won a legal victory against the securities regulator in August 2023.
Bloomberg ETF analyst Eric Balchunas previously estimated the odds of the SEC approving a spot Ether ETF in May at about 35%.
