Bitcoin ETF issuers say SEC will reject ether exchange-traded funds

PARIS — Issuers of spot bitcoin exchange-traded funds on Tuesday say the U.S. Securities and Exchange Commission is unlikely to approve such a product for the cryptocurrency ether.

The regulator has a late May deadline to conclude its review on an ether ETF. That comes after the SEC in March delayed its original deadline for a decision on the ether ETF application.

Companies ranging from BlackRock to…