The post SEC To Reject Ethereum ETF Says Van Eck CEO, What Now? appeared first on Coinpedia Fintech News
Ethereum exchange-traded funds will be rejected by the U.S. Securities and Exchange Commission (SEC) by May, according to Jan van Eck, the CEO of investment firm VanEck. With the SEC maintaining radio silence on pending applications, van Eck’s insights shed light on the regulatory hurdles facing the cryptocurrency industry.
Ethereum ETF Reject?
In an interview with CNBC on April 9, Jan van Eck delivered sobering news for proponents of Ethereum ETFs, stating that his firm’s spot Ether ETF application will “probably be rejected.” This negative outlook comes amidst a prolonged period of regulatory inaction from the United States Securities and Exchange Commission (SEC) regarding pending Ethereum ETF applications.
VanEck, along with Cathie Wood’s ARK Invest, was among the first to file for spot Ether ETFs in the U.S., with final decisions scheduled for May 23 and
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