“Pins are dropping,” Jan van Eck told CNBC that the lack of comment from the SEC regarding the roster of pending Ether ETFs was far from a good sign for an approval by May.
The chief executive officer of investment firm VanEck says it’s unlikely the United States Securities and Exchange Commission will approve a spot Ether (ETH) exchange-traded funds in May.
In an April 9 interview with CNBC, Jan van Eck said his firm’s spot Ethereum ETF application will “probably be rejected.”
He noted that his firm was the first to file for a spot Ether ETF in the United States alongside Cathie Wood’s ARK Invest, both of which are awaiting a final decision on May 23 and May 24 respectively.
