There are growing doubts among industry professionals that the U.S. Securities and Exchange Commission will approve spot ether exchange-traded funds in May, according to a Thursday report from Reuters — which claims that industry sources expect the SEC to deny applications to launch spot ether ETFs in May after U.S. issuers and other firms had discouraging meetings with the agency in recent weeks.
"It seems more likely that approval will be delayed until later in 2024, or longer. The regulatory picture still seems cloudy," VettaFi Head of ETF Analysis Todd Rosenbluth told Reuters. VanEck, ARK Investment Management and seven other issuers have submitted filings with the SEC to list ETFs that would track the spot price of ether. The SEC deadlines to decide on VanEck's and ARK's filings are May 23 and May 24, respectively.
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