"SEC silence suggests possible rejection of Ethereum ETFs, experts explain"
A Reuters report, citing industry professionals, reveals low hopes for a spot Ethereum ETF to be approved in May. They explained the main reason for early disapproval.
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US SEC expected not to approve spot Ether ETFs in May, Reuters reports
Industry players with knowledge of the meetings with regulators anticipate rejection
The reason is the lack of comments from the SEC on the issue, different from what was seen with bitcoin ETFs.
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If these rumors are true, it could mean a big loss for investors of $ETH $BTC $PEPE among some other currencies that are in a bull current that will not last long.
