According to the latest data, the prospects for approval of the spot Ethereum-ETF look bleak. Issuers applying to launch these funds expect SEC US to reject their proposals.
🚫Information about recent meetings with the regulator indicates that the discussions were "unconclusive and one-sided." Representatives of SEC did not seem to go into the essential details of the proposed products, which reinforces speculation about a possible rejection.
For investors hoping to increase the availability and legitimacy of Ethereum through traditional financial channels, such news can be disappointing.