VanEjson CEO expresses doubt regarding approval of spot Ethereum ETF in May

VanEck CEO Jan van Eck Doubts Approval of Ethereum ETFs by SEC in May

Van Eck: Lack of Feedback from Regulators

VanEck CEO Jan van Eck has expressed skepticism regarding the approval of spot Ethereum (ETH) exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) in May. In a recent interview with CNBC, van Eck stated that he believes his firm’s spot Ethereum ETF application will likely be rejected. VanEck and ARK Invest are among the companies awaiting the SEC’s final decision, scheduled for May 23 and May 24, respectively.

Spot Bitcoin ETFs Experience Outflows

Meanwhile, spot Bitcoin (BTC) ETFs in the United States have experienced a shift in investor sentiment, with net outflows recorded since the start of the week. Grayscale’s GBTC spot ETF saw significant single-day net outflows, while other Bitcoin ETFs like BlackRock’s iShares Bitcoin Trust and Bitwise Bitcoin ETF saw net inflows. VanEck’s spot Bitcoin ETF, HODL, has attracted inflows since its launch in mid-January, highlighting the success of Bitcoin ETFs.

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