🚨Crypto buzz! Ethereum (ETH) spot ETFs might hit a roadblock next month, with experts predicting a thumbs-down from regulators.😕 This could push any ETH product for U.S. investors to Dec 2024 or later.

Why the pessimism?🤔

- SEC's been pretty quiet during meetings with potential ETH ETF issuers.

- No in-depth chats about the proposed products, unlike Bitcoin spot ETFs earlier this year.

But hey, ETH futures ETFs got listed in Oct, right?🤷‍♂️

- True, but SEC's not biting. They're not engaging with these arguments, hinting at a likely denial.

So, what's next?👀

- A lawsuit, maybe? It worked for Bitcoin, but Grayscale might not want to fund another legal battle.

- SEC's not a big fan of crypto, and they might use the 'need more data' excuse to deny ETH ETFs.

What do you think? Will ETH ETFs see the light of day? Share your thoughts!👇 #DeFi #ETH #CryptoNews