Bloomberg: Several fund companies have prepared for the US SEC's rejection of the Ethereum ETF

According to Bloomberg News, the Securities Exchange Commission is expected to decide on May 23 local time whether to approve the first batch of Ethereum-based exchange-traded funds (ETFs). Most market participants and fund managers expect the regulator will not approve it, and have already prepared for the SEC to reject the Ethereum ETF. The fund companies revealed that they have held private dialog with the SEC and feel that the regulator's attitude is quite different from that of the spot bitcoin ETF approved in January.