Crypto industry experts believe Ethereum (ETH) spot ETFs will likely be denied approval for public trading by regulators next month. Why Are Ethereum ETFs Unlikely? Sources contacted by Reuters say the few meetings between the Securities and Exchange Commission (SEC) and aspiring Ethereum ETF issuers have been one-sided. Such arguments mirror those from Grayscale when it sued the SEC over Bitcoin spot ETF denials in 2022. According to Bitwise Chief Investment Officer (CIO) Matt Hougan, the SEC may justify its Ethereum ETF denial by saying its had little time to review the product.

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