News Explorer — SEC Is Unlikely to Approve a Spot Ethereum ETF Anytime Soon, Say Spot Bitcoin ETFs Issuers

Apr 9, 5:19 pm

SEC Is Unlikely to Approve a Spot Ethereum ETF Anytime Soon, Say Spot Bitcoin ETFs Issuers

The U.S. Securities and Exchange Commission (SEC) is unlikely to approve a spot Ethereum exchange-traded fund (ETF) anytime soon, according to issuers of spot Bitcoin ETFs. Companies like BlackRock, Fidelity, and VanEck have been waiting for an Ethereum product, but are unsure of a positive outcome. VanEck CEO Jan van Eck expressed pessimism about the chances of an Ethereum ETF approval.