President of The ETF Store: Still think the SEC will approve the spot Ethereum ETF next week
Nate Geraci, president of The ETF Store, said in a post on X: "It seems that the US SEC is taking similar measures to 19b-4 for the spot Ethereum ETF S-1 and is "keeping its mouth shut" about the progress... But I still think it will be approved next week, and there is absolutely no reason to delay."
In response, Bloomberg ETF analyst Eric Balchunas said: "Yes, the SEC has not made any moves this week. It is unclear why they took so long. Every issuer is ready and the documents have been submitted. It's like a baseball game delayed by rain. You can only wait. Maybe things will move quickly next week."