Based on my understanding of the situation and the information provided in the article, I believe that the SEC’s decision to reject applications for spot Ethereum ETFs is not surprising given the recent meetings between issuers and the agency. The lack of engagement from the SEC during these discussions has raised concerns among industry observers, who see it as a strong indication that the filings will be denied.
Based on recent disappointing interactions with applicants, it’s expected that the Securities and Exchange Commission (SEC) will reject proposals for Ethereum spot exchange-traded funds (ETFs).
Based on current expectations, the SEC is likely to decline requests for Ethereum-linked spot ETFs this month. As reported by Reuters, there have been unfavorable interactions between U.S. financial institutions and the regulatory body recently, casting doubt on a May approval for such ETFs.
I’ve noticed that VanEck and ARK Investment Management, along with seven other entities, have put in applications with the Securities and Exchange Commission (SEC) to launch spot Ethereum Exchange-Traded Funds (ETFs). According to the report, the SEC is mandated to take action on VanEck’s and ARK’s filings, which are at the front of the line, by May 23 and May 24 respectively.
According to Reuters’ reports, the interactions between companies and the SEC over new proposals have been characterized as one-sided, with SEC staff not delving into substantial conversations about the proposed products. This stands in stark contrast to the in-depth and comprehensive discussions that transpired before the SEC approved Bitcoin SPOT ETFs in early January.
Based on the information provided,
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2024-04-25 14:32