Source: US SEC expected to reject spot Ethereum ETF next month

ChainCatcher news, industry sources said that the U.S. Securities and Exchange Commission (SEC) is expected to reject the spot Ethereum ETF next month.

VanEck, ARK Investment Management and seven other issuers have submitted applications to the SEC to launch Ethereum spot ETFs. The SEC must decide on the applications of VanEck and ARK on May 23 and May 24 respectively. The two companies are the first in line to apply. And four people familiar with the matter said that after frustrating talks with the relevant companies in recent weeks, the SEC is expected to reject the two companies' applications to launch Ethereum spot ETFs.