The Latest Breaking News from VanEck

A co-founder of the Ethereum network, and the founder of the company that revealed how the SEC has deemed Ether a security since March last year, said the approval of spot ETH ETFs has become a matter of political interest.

Several spot Ether ETF applicants have submitted updated 19b-4 filings, suggesting that the SEC has finally provided comments on the applications and triggering a wave of optimism in the crypto industry for the funds that, unlike Bitcoin, have had a more difficult road toward approval.

The SEC appears to have made a sudden change of heart as it reportedly informed exchanges that it was leaning toward approving the much-anticipated spot Ether ETFs.

Would-be issuers of Ethereum ETFs are scrambling to meet the SEC's last-minute requests ahead of Thursday's deadline.

Crypto boosters are in a fine mood after a series of wins in Washington D.C., where one of their biggest antagonists saw her influence decline.

Ether passed $3,700 Monday, having been stirred by talk in the crypto industry regarding supposed progress in getting spot ETH ETFs approved.

The SEC is expected to reject spot Ether ETF applications next month, following recent meetings wherein the regulator's staff reportedly did not proactively engage with applicants.

Bitwise Investments' Hunter Horsley has just made a bold prediction about the attitude of wealth management firms toward spot Bitcoin ETFs by the end of the year, even as the offering has since seen large outflows, particularly from Grayscale.

Retailers are still the biggest investors in spot Bitcoin ETFs, several months since they were approved, VanEck's CEO said, noting how ETFs are still in development and have a long way to go before being accepted in traditional investment circles.

Hong Kong may announce the first approvals of spot Bitcoin ETFs next week, which would make the Chinese special administrative region the first in Asia to offer BTC ETFs.

Like Bloomberg analysts who believe the SEC's silence is a bad omen, VanEck and CoinShares aren't confident the regulator will actually approve spot Ether ETF applications as it did with Bitcoin ETFs.