Nate Geraci claims spot Ethereum ETFs face slim chances of SEC approval in May due to lack of engagement with issuers.
Nate Geraci, president of ETF Store, declared: “Spot Ethereum ETFs are not something the SEC is going to approve in May.”
The SEC’s lack of feedback regarding the Ethereum ETFs makes an approval unlikely at this point.
Geraci speculates that the SEC could get sued by Eagle or other large ETF issuers for its delay on the Ethereum ETF.
According to industry experts, the SEC’s silence on the prospects of Ethereum-based ETFs is a sign of disapproval.
The crypto industry remains in a state of limbo without a clear regulatory framework.
The crypto industry seeks regulatory clarity on Ethereum investment products.
Despite the challenges, Ethereum ETF proponents continue to believe that an approval will eventually come.
