In his blog, James Seiffert wrote that he expects a refusal on May 23 in this round. Recall that the Securities and Exchange Commission previously delayed a decision on the Ethereum spot exchange-traded fund. The analyst also noted that the SEC has not discussed Ethereum ETFs with issuers, unlike its extensive discussions on Bitcoin ETFs in January.
Currently, seven issuers are looking to launch an Ethereum fund, including BlackRock, Fidelity, Invesco with Galaxy, Grayscale, VanEck, 21Shares with Ark and Hashdex.