Industry Leaders Doubt SEC Approval for Ethereum ETFs

Lack of SEC feedback fuels uncertainty among firms awaiting decision.

VanEck and CoinShares CEOs express doubt over the SEC's approval of spot Ethereum ETFs, citing a lack of communication and feedback from the regulator.
The SEC has delayed its original decision deadline for an ether ETF, with a new deadline set for late May.
Optimism for an Ethereum ETF approval has waned among firms following the SEC's approval of spot Bitcoin ETFs earlier this year.
SEC Chair Gary Gensler has indicated that most crypto assets are considered investment contracts, complicating the approval process for an Ethereum ETF.
The approval process for Ethereum ETFs contrasts with the prior experience of spot Bitcoin ETF approvals, where frequent document filings indicated ongoing SEC feedback.