VanEck Head of Research Matthew Sigel made statements about the spot Ethereum ETF process. Sigel stated that VanEck made the first spot Ethereum ETF application to the SEC and stated that the ranking should be respected.
“VanEck was the first company to submit the S-1 filing for this spot Ethereum ETF and therefore we should be the first to be approved. We expect a fair approach and urge the SEC to respect the ranking,” he said.
The SEC decision on VanEck's spot Ethereum ETF application will be announced on May 23 at 11:00 p.m. ET. The SEC had previously approved spot Bitcoin ETF applications in batches, which some analysts argued was fairer.
