Ethereum ETF Approval Unlikely as SEC Crypto Crackdown Raises Security Concerns

• Ethereum ETF hopes fade as SEC crypto crackdown makes approval unlikely • VanEck and Ark Invest CEOs pessimistic about Ethereum ETF approval chances • Unclear if Ethereum is a security like Bitcoin is considered a commodity • CoinShares CEO doesn't expect approval of proof-of-stake coin ETFs this year • Ethereum futures ETFs approved but history shows lengthy gap before spot ETFs