Other evidence suggests that the SEC will likely delay the approval of spot Ether ETFs, while Hong Kong will start trading such products next week.
The United States Securities and Exchange Commission (SEC) will most likely deny spot Ether (ETH) exchange-traded funds (ETF) in May, according to a new report.
Reuters reported on April 24 that U.S. issuers and other firms expect the SEC to reject spot Ether ETF applications next month following meetings with the regulator in recent weeks, citing four people who participated in the meetings.
The four persons, who asked to be anonymous due to the private nature of the discussions, said recent meetings between issuers and the SEC have been one-sided, and agency staff have not discussed substantive details about the proposed products.