On May 18th, the US SEC is preparing to announce at least one decision on Ethereum spot ETF applications by next week. According to two people familiar with the matter, some fund companies are expected to be rejected because their private conversations with the SEC are not as frequent as they were before the Bitcoin spot ETF was approved in January this year.
According to Bloomberg data, the Ethereum spot ETF "VanEck Ethereum ETF" has a final resolution date as of May 23, which is also the earliest one. In the final weeks before the SEC approved the Bitcoin ETF, fund companies filed multiple versions of revised documents to help resolve the issues raised by the SEC, which paved the way for these ETFs to be approved. In contrast, the Ethereum spot ETF has seen much less such activity.
Katherine Dowling, general counsel at Bitwise, which filed an Ethereum spot ETF in March, said most people don't expect the SEC to approve it. If it did, you wouldn't see this kind of public activity.
Informed sources: Multiple fund companies do not expect the SEC to approve an Ethereum spot ETF next week
2024-05-18 01:04:04
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