ETF claim from the USA reduced the price of Ether

The US Securities and Exchange Commission (SEC), which approved Bitcoin spot ETFs in January, does not seem to make the same decision for Ether. According to the information provided by the major global news agency Reuters, companies applying for Ether spot ETF have become desperate about this issue.

In the news of the agency, it was stated that the applying companies stated that the meetings held with the SEC were inefficient and at the same time they were discouraged in this regard.

As it is known, many companies, from BlackRock to VanEck and ARK Invest, have applied for Ether spot ETF. While the final decision period for some applications expires at the end of May, some extends to June and July, but the SEC generally makes both approval and rejection decisions collectively in the recent period.

Ether price dropped

After the news from Reuters, the price of Ether dropped below $ 3100. Ether, which has already been in decline recently, is trading at $ 3070 at the time the news was written. In the last 2 days, the Bitcoin price dropped from around 66 thousand dollars to 63 thousand dollars.

“Important details were not discussed”

It is stated that in the recent meetings between the applicant companies and SEC officials, some important details about ETFs were not even discussed. This was not the case for Bitcoin spot ETFs in January, and even the smallest details were discussed weeks before approval, Reuters sources, who spoke on condition of anonymity, said.