Yet another potential milestone for crypto is just days away.

Or, we may find out US spot ether ETFs are — for now — not meant to be.

The Securities and Exchange Commission’s decision on such funds by fund firms Ark Invest and VanEck, slated to come by May 23, is only half of what to watch for next week.

In the case of a denial, the SEC is set to give its reasoning. There is also the question of whether a lawsuit follows, how quickly it is filed, and who would lead that charge.

Expected reasons for possible denial 

The SEC was essentially forced to approve spot bitcoin ETFs in January after Grayscale Investments notched a legal victory against the regulator.

Then there was SEC…

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