The SEC’s decision on VanEck’s spot Ether ETF application is due by May 23, and experts believe the recent debate over Ether’s status as a security could hamper its chances.
The debate around whether Ether is a security has taken center stage in the crypto ecosystem as the United States Securities and Exchange Commission’s (SEC) deadline for deciding on whether to approve a spot Ether exchange-traded fund (ETF) is just one day away.
The final deadline for the SEC to decide on VanEck’s spot Ether (ETH) ETF application is May 23.
Ether — the second-largest cryptocurrency after Bitcoin (BTC) — is nearing a crucial milestone, and much will depend on whether the SEC views Ether as a commodity or a security.
