Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»The SEC gave Ethereum ETF applicants a cold shoulder at its meeting, dashing hopes of approval in May.
ETHEREUM NEWS

The SEC gave Ethereum ETF applicants a cold shoulder at its meeting, dashing hopes of approval in May.

By Crypto FlexsApril 26, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The SEC gave Ethereum ETF applicants a cold shoulder at its meeting, dashing hopes of approval in May.
Share
Facebook Twitter LinkedIn Pinterest Email

Reuters reported on April 25, citing industry sources, that the U.S. SEC is expected to reject several applications for exchange-traded funds (ETFs) based on Ethereum, the world’s second-largest cryptocurrency.

The decision, expected in May, follows recent discouraging interactions between ETF issuers and the SEC.

Notably, companies like VanEck and ARK Investment Management have filed applications with the SEC for ETFs that directly track the spot price of Ether.

Agency decisions on these applications, of which VanEck and ARK are the first, are due May 23 and May 24, respectively.

cold shoulder

Participants in recent meetings with the SEC described the talks as one-sided, with agency staff withholding substantive comments on the proposal. This stands in stark contrast to the detailed discussions prior to the SEC’s approval of a spot Bitcoin ETF earlier this year.

Under the leadership of Gary Gensler, a well-known cryptocurrency skeptic, the SEC has historically taken a cautious stance, citing concerns about market manipulation. However, the approval of a spot Bitcoin ETF earlier this year raised hope among cryptocurrency advocates after Grayscale Investments won a court victory against the SEC.

ETF issuers have argued that approval for both spot Bitcoin ETFs and Ethereum futures-based ETFs should logically extend to spot Ethereum products.

Despite efforts to resolve regulatory concerns, the SEC’s informal stance at recent meetings led many to expect a rejection, the report said.

regulatory uncertainty

Todd Rosenbluth, head of ETF analysis at VettaFi, told the newswire that continued regulatory uncertainty could delay approval until late 2024 or later. Meanwhile, issuers like VanEck are planning additional disclosures to maintain dialogue with the SEC.

The potential rejection is already having an impact on the cryptocurrency market. Hong Fang, CEO of cryptocurrency exchange OKX, pointed out that although the price of Ethereum has risen this year, it is lagging behind Bitcoin’s increase. This appears to have been influenced by market expectations about the SEC’s decision.

The SEC’s hesitation may be due to the perception that more comprehensive market data on Ether is needed. Recent speculations suggest that regulators have launched an investigation into the Ethereum Foundation through Swiss authorities.

Mentioned in this article
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The future of EF ecosystem development

July 18, 2025

Tornado cash Roman storms insist on Doj Botched Key Telegram evidence.

July 14, 2025

Trump’s pressure on the Fed pushes 15B to ETF, ‘under positioning’ Bitcoin Bull ‘

July 10, 2025
Add A Comment

Comments are closed.

Recent Posts

FTT increases by 7% as the backpack starts the platform to help victims clear liquidation.

July 21, 2025

Monarq Asset Management Appoints Sam Gaer As CIO To Lead Directional Strategy

July 21, 2025

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025

XRP Breaks Through $3.5! DL Mining Launches AI Cloud Mining Contracts, Earning Steady Profits Every Day

July 20, 2025

AAVE gains strength as AAVE dominates defect loans with net deposits of $ 50B or more.

July 19, 2025

As XRP Surges, DLMining Platform Opens New High-yield Cloud Mining Opportunities For Holders

July 19, 2025

Missed Out On Bitcoin At $9999? SIM Mining Cloud Mining Brings You New Opportunities For Wealth!

July 19, 2025

NFT is a rebound -there is a teenage NFTS this week.

July 19, 2025

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

FTT increases by 7% as the backpack starts the platform to help victims clear liquidation.

July 21, 2025

Monarq Asset Management Appoints Sam Gaer As CIO To Lead Directional Strategy

July 21, 2025

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025
Most Popular

Book Of Meme Price Prediction: BOME Surges 2,000% In Few Days And Earns Binance Listing As This Solana Meme Coin Prepares For Biggest Airdrop.

March 18, 2024

Doodles joins luxury watch brand G-Shock to launch NFT-inspired watch

February 1, 2024

Debt: Bitcoin is not a return to stateless money, it is the first currency

December 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.