According to PANews, Scott Johnsson, a well-known financial lawyer, said on the X platform that the U.S. Securities and Exchange Commission (SEC) spent nearly 4 months reviewing and revising the Bitcoin (BTC) spot S-1 form and 5 months reviewing the Bitcoin (BTC) futures S-1 form. If the company's finance department did learn of this potential approval yesterday, they may have just started. This situation is not clear at a glance, so it is difficult to know how they can quickly advance this process.
Bloomberg ETF analyst James Seyffart quoted the above remarks and commented that it is generally believed that (19b-4 filing) "approval" means the immediate launch of the Ethereum ETF. This is not necessarily the case. It may take a few days (at least), at least a few weeks, and possibly even months between approval and launch.
