According to PANews, industry insiders have revealed that the US Securities and Exchange Commission (SEC) is anticipated to reject the approval of a spot Ethereum ETF next month. This information was initially reported by Jinshi. The SEC's decision could have significant implications for the cryptocurrency market, particularly for Ethereum, which is the second-largest cryptocurrency by market capitalization. However, the reasons behind the SEC's expected decision have not been disclosed. The SEC has been known to be cautious when it comes to approving ETFs for cryptocurrencies, citing concerns over market manipulation and investor protection. This news comes as the latest development in the ongoing dialogue between the cryptocurrency industry and regulatory bodies. The SEC's stance on cryptocurrency ETFs has been a topic of discussion for some time, with many in the industry advocating for more clarity and regulation. Despite the anticipated rejection, the demand for cryptocurrency ETFs continues to grow, reflecting the increasing interest and investment in the sector. The SEC's decision on the Ethereum ETF will be closely watched by industry participants and could set a precedent for future cryptocurrency ETF applications.