According to Reuters, people with knowledge of the matter said that US companies applying for Ethereum ETF expect the SEC to reject their ETH ETF applications.
According to Reuters, people with knowledge of the matter said that US companies applying for Ethereum ETF expect the SEC to reject their ETH ETF applications.
Four people who spoke to Reuters said that US issuers have given up hope on Ethereum ETFs and that they expect the SEC to reject ETH ETF applications because the meetings with the SEC in recent weeks have not been productive.
Recent meetings between ETH ETF issuers and the SEC were one-sided and agency staff did not discuss important details about ETH ETF products, four people with knowledge of the matter said.
These sources noted that meetings between issuers and the SEC in the weeks leading up to the landmark approval of Bitcoin (BTC) ETFs were productive, intense and with detailed discussions.
Sources also argued at the meetings that issuers were trying to address potential regulatory concerns that the SEC's previously approved Ethereum futures ETFs set a precedent for spot ETH ETFs.
Sources added that SEC staff listened to issuer companies but did not express any specific concerns or ask questions in general, and that the meetings were one-sided, so issuer companies thought the SEC would reject applications.
Finally, some issuers still plan to file additional disclosure documents with the SEC to continue discussions, sources said.
*This is not investment advice.