According to recent reporting from CNBC, companies that have already received approval from the Securities and Exchange Commission (SEC) for a spot Bitcoin exchange-traded fund (ETF) are wary about the agency’s decision on proposals for an Ether product.
In an interview posted on Tuesday, VanEck CEO Jan van Eck expressed doubt that their VanEck Ethereum ETF will be approved in May, which is the approaching deadline for the SEC’s decision.
This sentiment is shared by other major firms such as Fidelity and BlackRock, who have also applied for a spot Ether ETF in the past few months.
Despite initial optimism following the SEC’s approval of 11 spot Bitcoin ETFs in January, confidence has since diminished over the past few weeks. Jean-Marie Mognetti, CEO of CoinShares, also voiced skepticism about the chances of getting the green light from the SEC, stating that he does not expect any approvals at all in the current year.
