Coinspeaker
Spot Ethereum ETF Applications in US Will Be Likely Rejected by SEC, Experts Say

As the deadline for the United States Securities and Exchange Commission (SEC) to issue a final ruling on the several applications for the spot Ethereum exchange-traded funds (ETFs) closes in, market experts believe the agency will reject their listing and trading. After approving the spot Bitcoin ETFs earlier this year, market pundits have critically analyzed the events that led to the imminent approval and issued this opinion.

Notably, the regulatory agency is expected to issue its final ruling mid-next month, which is a major announcement for the entire crypto industry. In case the agency approves all the spot Ether ETFs, experts believe it will pave the way for more altcoins to follow the same path.

US SEC on Spot Ethereum ETFs

While the political atmosphere is favorable, amid the upcoming elections, the U.S. SEC has only held just a handful of meetings with the spot Ether applicants as of this report. The only meeting disclosed by the US SEC on the spot Ether ETF application was last month with Coinbase Global Inc (NASDAQ: COIN). ...