The U.S. Securities and Exchange Commission (SEC) is expected to deny applications for launching spot Ether exchange-traded funds (ETFs) next month. According to industry sources and reports by Reuters, recent meetings between the SEC and issuers have been discouraging and described as 'one-sided', with little engagement from the agency's side. This has led to a pessimistic outlook among applicants regarding the approval of these ETFs. The SEC has not provided substantial comments or feedback during these discussions, contributing to the negative sentiment. Additionally, the price of Ether has declined following these developments.