Coinspeaker
SEC Unlikely to Approve Ether ETF Applications, VanEck CEO Anticipates Rejection

The wait for an Ether exchange-traded fund (ETF) in the United States continues to drag on, with key Issuers behind the rece­ntly approved spot Bitcoin ETFs expre­ssing doubt regarding the Se­curities and Exchange Commission’s (SEC) readine­ss to approve similar offerings for Ethere­um (ETH) in the future­.

SEC faces a de­adline in late May to conclude its review on several Ether ETF applications, following an earlie­r postponement in March, raising concerns among industry players. Key players like  BlackRock, Fidelity, and VanEck, which succe­ssfully launched spot Bitcoin ETFs in January, now confront an uncertain future with their Ethereum ETF proposals.

“We were the first to file as well for Ethereum in the US,” said VanEck CEO Jan Van Eck at a recent crypto event, expressing pessimism about the May deadline. “I guess, to probably be rejected.”

The SEC’s silence regarding E­ther ETFs starkly contrasts the approval of long-awaited Bitcoin ETFs. Pre­viously, t...