According to Foresight News, The Block reported that the issuer of the Ethereum ETF is waiting for the SEC to respond to its latest S-1 form submitted on July 8. Sources said that the SEC's next instructions will be critical. After the 19b-4 form was approved in May, the issuer had several rounds of exchanges with the SEC on the S-1 form, and the process is expected to be nearing completion. A source said: "The SEC's review is close to final approval."