Doubt Cast on Approval of Ether ETF by SEC

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SEC,Ether ETF,Approval

Issuers of spot bitcoin exchange-traded funds express uncertainty over the approval of an ether ETF by the U.S. Securities and Exchange Commission (SEC). VanEck CEO predicts rejection of the firm's ether ETF application.

Investors have been keeping an eye on the SEC and whether the regulator will approve the ether ETF by late May.

VanEck CEO Jan van Eck said that he thinks the SEC will most likely reject the firm's ether ETF application.PARIS — Issuers of spot bitcoin exchange-traded funds cast doubt over the short-term likelihood of the U.S. Securities and Exchange Commission approving such a product for the cryptocurrencyThe regulator has a late-May deadline to conclude its review on an ether ETF. That comes after the SEC in March delayed its original deadline for a decision on the ether ETF application.

 

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