According to Golden Finance, Fox Business reporter Eleanor Terrett posted on the X platform that SEC Chairman Gary Gensler said the next step in ETH ETF approval "will take some time," which may indicate that the S-1 approval process may be slow.
![](https://public.bnbstatic.com/image/cms/content/body/202406/5bfe692195efdf9029ab4509c7ba275c.png)
According to Golden Finance, Fox Business reporter Eleanor Terrett posted on the X platform that SEC Chairman Gary Gensler said the next step in ETH ETF approval "will take some time," which may indicate that the S-1 approval process may be slow.