Source: US SEC expected to reject approval of spot Ethereum ETF next month

According to BlockBeats, on April 25, Reuters quoted four people familiar with the matter as saying that after meetings with the U.S. Securities and Exchange Commission (SEC) in recent weeks, U.S. issuers expect the SEC to reject their applications to launch spot Ethereum ETFs. Four participants said that the recent meetings between issuers and the U.S. Securities and Exchange Commission (SEC) were one-sided, and agency staff did not discuss substantive details about the proposed products. People familiar with the matter said that SEC staff listened to their statements but did not clearly state specific concerns or ask general questions, indicating that the agency would reject these applications.