Fox Business reporter: People familiar with the matter said that the U.S. SEC currently holds a "firm opposition" position to the Ethereum spot ETF.

Fox Business reporter Eleanor Terrett wrote on the A Bitcoin spot ETF issuer that submitted an Ethereum spot ETF application expressed its confidence that the approval and smooth launch of the Bitcoin spot ETF will force the SEC to approve the Ethereum spot ETF. Another source said that the US SEC's position at this moment is "firm opposition" and that there is currently "some internal resistance" to the idea. Another person said that the listing of an Ethereum futures ETF and BlackRock’s track record of getting ETF approvals led them to believe that an Ethereum spot ETF could be launched before the end of the summer. U.S. SEC Commissioner Hester Peirce told the media Coinage that the agency does not want to repeat the same delay mistake with the ETH ETF, saying, "We need to consider these products in the same normal way as we consider similar products." ’ My understanding is: Every decision lies with the SEC. In the coming months, we’ll get some clues as to whether SEC staff dives deeper into S-1 filings, like they did with the Bitcoin spot ETF. "