Insider: US SEC expected to reject spot Ethereum ETF next month
Golden Finance reported that VanEck, ARK Investment Management and seven other issuers have submitted applications to the U.S. Securities and Exchange Commission (SEC) to launch an Ethereum spot ETF. 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. 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.
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