VanEck and CoinShares CEOs, the companies behind the very first U.S. spot Ethereum ETFs, doubt the probability of their investing products to be approved by the Securities and Exchange Commission (SEC).
In an interview with CNBC posted on Tuesday, Jan van Eck, the CEO of VanEck, expressed his anticipation that the VanEck Ethereum ETF would likely face rejection in May. This marks the initial deadline for the SEC to determine the fate of such products.
Thus, the SEC’s approving 11 spot Bitcoin ETFs in January led to its pessimism. According to CoinShares CEO Jean-Marie Mognetti, he doesn’t see any approvals for Ethereum ETFs this year.
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