Why Ethereum ETFs Are Likely to Be Rejected?

Krutika Adani

VanEck CEO stated that the SEC will likely reject their and ArkInvest’s Ethereum ETF, scheduled for May 2024.

The anticipated reason for rejection is attributed to the legal process.

Typically, the SEC provides comments, and the applicants must address them.

Similar processes for Bitcoin ETFs took weeks before approval.

The Ethereum ETF approval process is about to commence