#sec VanEck, CoinShares CEOs not feeling very optimistic about SEC's approval of spot Ethereum ETFs: CNBC
Firms with SEC-approved bitcoin ETFs are doubtful about similar approval for ethereum ETFs, despite applications from companies like Fidelity and BlackRock. VanEck CEO predicts rejection for VanEck's Ethereum ETF in May. CoinShares CEO and Bloomberg ETF analyst share pessimism about SEC approval for ether ETFs this year. Expectations have declined since SEC's January approval of 11 bitcoin ETFs. Analyst Balchunas lowered odds of Ethereum ETF approval from 70% to 30% for May. Lack of communication from SEC contributes to uncertainty among firms seeking approval.
