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International Business Times
International Business Times
Business
Marvie Basilan

Bitcoin ETF Issuers VanEck, CoinShares Pessimistic SEC Will Approve Ethereum Applications

SEC CoinShares VanEck ETF Bitcoin Ethereum Eric Balchunas James Seyffart Crypto Grayscale
Bitcoin & Ethereum ETF (Exchange-Traded Fund) (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

  • VanEck's CEO said he thinks the company's application will 'probably be rejected'
  • CoinShares' CEO said he doesn't 'see anything being approved' at this point
  • Bloomberg analysts have been saying the SEC's silence isn't a positive signal at all

VanEck and CoinShares, issuers of the spot Bitcoin exchange-traded funds (ETFs) approved by the U.S. Securities and Exchange Commission (SEC), are not optimistic about the regulator also approving spot Ethereum (ETH) ETF applications amid delays in the SEC's original deadline for a decision.

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