According to BlockBeats, on July 13, Nate Geraci, President of The ETF Store, shared on social media that the SEC appears to be in a phase similar to the 'holding breath' stage before approving a 19b-4 application. However, he remains confident that the SEC will approve the S-1 application for an ETH spot ETF next week, with no reason for further delays.
Bloomberg analyst Eric Balchunas echoed this sentiment, stating that every issuer is prepared and the necessary documents are ready. He suggested that developments could progress rapidly next week.