Bad News for Ethereum (ETH)! Reuters Announced!

According to Reuters, people with knowledge of the matter are from the United States. Ethereum Companies applying for ETF ETH ETF He said they expected him to reject their applications.

According to Reuters, people with knowledge of the matter are from the United States. Ethereum Companies applying for ETF SECHe said that they expected to reject ETH ETF applications.

Four people who spoke to Reuters said that US issuers have given up hope on Ethereum ETFs and that they expect the SEC to reject ETH ETF applications because the meetings with the SEC in recent weeks have not been productive.

Four people with knowledge on the subject ETH ETF He said recent meetings between issuers and the SEC were one-sided and agency staff did not discuss important details regarding ETH ETF products.

These resources Bitcoin (BTC) He noted that meetings between issuers and the SEC in the weeks leading up to the landmark approval of their ETFs were productive, intense and with detailed discussions.

Sources also argued at the meetings that issuers were trying to address potential regulatory concerns that the SEC’s previously approved Ethereum futures ETFs set a precedent for spot ETH ETFs.

Sources added that SEC staff listened to issuer companies but did not express any specific concerns or ask questions in general, and that the meetings were one-sided, so issuer companies thought the SEC would reject applications.

Finally, some issuers still plan to file additional disclosure documents with the SEC to continue discussions, sources said.

*This is not investment advice.

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