Digital asset experts warn that the U.S. Securities and Exchange Commission (SEC) may soon declare Ethereum a security as it rejects several Ethereum ETF applications. The agency will decide VanEck's application on May 23 and ARK Invest/21Shares' application the next day. BlackRock, Fidelity and Grayscale also have applications on the SEC's table. While SEC Chairman Gary Gensler has publicly stated that Bitcoin is a commodity, he has remained silent on Ethereum, refusing to answer questions about the cryptocurrency's regulatory status.
