According to Odaily, Fox Business reporter Eleanor Terrett has reported on platform X that the Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, has indicated that the approval of an Ethereum (ETH) Exchange-Traded Fund (ETF) may take some time. This could suggest that the S-1 approval process might proceed at a slower pace. The S-1 form is a registration filing used by companies planning on going public to register their securities with the SEC. While the exact timeline for the approval remains uncertain, the statement by the SEC Chairman underscores the regulatory hurdles that such financial products must overcome before they can be launched in the market.