Insider: US SEC expected to reject spot Ethereum ETF next month
Golden Finance reported that VanEck, ARK Investment Management and seven other issuers have submitted applications to the U.S. Securities and Exchange Commission (SEC) to launch an Ethereum spot ETF. The SEC must decide on the applications of VanEck and ARK on May 23 and May 24 respectively. The two companies are the first in line to apply. Four people familiar with the matter said that after frustrating talks with the relevant companies in recent weeks, the SEC is expected to reject the two companies' applications to launch Ethereum spot ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The US SEC releases its 2026 fiscal year review priorities document, removing the dedicated cryptocurrency section.

Two wallets related to the LIBRA scandal exchanged 60 million USDC for SOL after a period of inactivity
Mastercard selects Polygon to provide username verification for self-custody wallets