Odaily Planet Daily News The U.S. SEC is preparing to announce at least one decision on the application for Ethereum spot ETF by next week. According to two people familiar with the matter, some fund companies expect to be rejected because the private conversations between these companies and the SEC are no longer as frequent as before the Bitcoin spot ETF was approved in January this year. According to Bloomberg data, the final resolution date of the Ethereum spot ETF "VanEck Ethereum ETF" is as of May 23, which is also the earliest one. In the last few weeks before the SEC approved the Bitcoin ETF, the fund company submitted multiple versions of revised documents to help address the issues raised by the SEC, which paved the way for the approval of these ETFs. In contrast, there are far fewer such activities for Ethereum spot ETFs. "Most people expect the SEC not to approve (Ethereum spot ETF). If it is approved, you won't see this kind of public activity now," said Katherine Dowling, general counsel of Bitwise. Bitwise submitted the Ethereum spot ETF in March this year. (Bloomberg)
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