The heads of VanEck and CoinShares, the firms that submitted the initial applications for US Ethereum ETFs, express doubts about the SEC’s likelihood of granting approval for their investment products.
In a CNBC interview on Tuesday, Jan van Eck, VanEck’s CEO, shared his expectation that the VanEck Ethereum ETF may be denied approval by the SEC as early as May. This is the earliest possible month for the SEC to make a decision on such proposals.
In other words, the SEC’s approval of 11 Bitcoin ETFs in January may have contributed to its cautious stance. As per CoinShares CEO Jean-Marie Mognetti’s perspective, it is unlikely that there will be any Ethereum ETF approvals this year.
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2024-04-10 01:24