The US Securities and Exchange Commission (SEC) plans to reject applications for registration of spot Ethereum ETFs in May 2024. This is reported by Reuters with reference to their sources.
Representatives of exchange-traded fund providers expect that the regulator will reject all applications for registration of spot Ethereum-ETFs, the publication emphasized. The counterparties formed this impression after “disappointing” meetings with representatives of the Commission, the sources noted.
According to them, these negotiations were one-sided. SEC representatives did not discuss any significant details on the registered cases, the publication noted.
This is in stark contrast to how negotiations proceeded ahead of the launch of spot Bitcoin ETFs, the sources emphasized. Despite this, some issuers plan to file additional papers to continue the dialogue with the regulator, Reuters reports.
The publication added that the SEC, judging by the information received, held only a few meetings on these cases.
Earlier, experts from Standrad Chartered bank changed their forecast regarding spot Bitcoin ETFs to a more pessimistic one. They also noted the lack of visible dialogue between the Commission and the applicants.
Source: Cryptocurrency
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