Industry insiders anticipate the Securities and Exchange Commission (SEC) will reject proposals for exchange-traded funds (ETFs) linked to the price of ether in the coming month, according to sources familiar with the matter.
Several firms, including VanEck and ARK Investment Management, have submitted applications to the SEC seeking approval for ETFs that would mirror the spot price movements of ether, the second-largest cryptocurrency by market capitalization. The SEC is slated to make decisions on VanEck’s…
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