Several issuers, including VanEck and ARK Investment Management, have filed with the SEC to list spot Ethereum ETFs. VanEck and ARK’s filings are the first in line, with decisions on them expected by May 23 and May 24 respectively. However, according to reports, recent meetings between issuers and the SEC have been one-sided, with agency staff not engaging in substantive discussions about the proposed products. This lack of engagement has led many to believe that the SEC is likely to reject the filings, as its staff didn’t articulate specific concerns or ask questions during the meetings.
It’s important to note that the SEC has previously rejected spot Bitcoin ETFs due to concerns about market manipulation.
