SEC Expected To Reject Spot ETH ETFs After Discouraging Meetings With Applicants

Spot Ether ETFs may not come as easily as their Bitcoin counterparts as the SEC hasn't had productive meetings with applicants in recent weeks, as per reports. (Credit: Bybit/flickr.com)

Companies that filed to launch spot Ether (ETH) exchange-traded funds (ETFs) and other firms in the cryptocurrency industry are expecting the U.S. Securities and Exchange Commission (SEC) to reject the offering in May, a new report revealed.

The expectation stems from discouraging outcomes in meetings with the regulator in recent weeks, Reuters reported Thursday, citing people who participated in the discussions but declined to be identified due to the private nature of the matter.